About Product
Taxmann’s Law Relating toProhibition of Benami Property Transactions Act 1988 covers the following: Section-wise Commentary on Law Relating toProhibition of Benami Property Transactions Act, 1988 Ready Reckoner for the following: o[Alphabetical Reckoner] on Benami Law oRelatives in whose names, property can be purchased/held without Benami taint. Covers various FAQs on Law relating toBenami Transactions. The Present Publication is the 4th Edition, as amended by the Finance Act 2021, with the following noteworthy features: Thorough analysis of the Benami Laws Complete understanding of each appellate authority along with their powers Penalty and prosecutions linked with the Benami transactions Subject index toquickly find out the relevant matter The detailed contents of the book are as follow: Chapter I – Preliminary o Short title, extent and commencement o Definitions Chapter II – Prohibition of Benami Transactions o Prohibition of Benami Transactions o Prohibition of the right torecover property held Benami o Property held Benami liable toconfiscation o Prohibition on re-transfer of property by benamidar Chapter III – Authorities o Adjudication Authority o Authorities and jurisdiction o Powers of Authorities o Certain officers toassist in inquiry, etc. o Power tocall for information o Power of authority toimpound documents o Power of authority toconduct inquiry, etc. Chapter IV – Attachment, Adjudication and Confiscation o Notice and attachment of property involved in benami transaction o Manner of service of notice o Adjudication of Benami property o Confiscation and vesting of Benami property o Management of properties confiscation o Possession of the property Chapter V – Appellate Tribunal o Establishment of Appellate Tribunal o Composition, etc., of Appellate Tribunal o Qualification for appointment of Chairperson and Members of Appellate Tribunal o Terms and condition of services of Chairperson and Members of Appellate Tribunal o Term of office of Chairperson and Members o Removal of Chairperson and Members from office in certain circumstances o Vacancies, etc., not toinvalidate proceedings of Appellate Tribunal o Resignation and removal o Member toact as Chairperson in certain circumstances o Staff of Appellate Tribunal o Procedure and powers of Appellate Tribunal o Distribution of business amongst Benches of Appellate Tribunal o Power of Chairperson of Appellate Tribunal totransfer cases o Decision tobe by majority o Members, etc., tobe public servants o Bar of jurisdiction of civil courts o Appeals toAppellate Tribunal o Rectification of mistakes o Right torepresentation o Appeal toHigh Court Chapter VI – Special Courts o Special Courts o Application of Code of Criminal Procedure, 1973 toproceedings before Special Court o Appeal and revisions Chapter VII – Offences and Prosecution o Penalty for Benamitransaction o Penalty for false information o Penalty for failure tocomply with notices or furnish information o Proof of entries in records or documents o Previous sanction Chapter VIII – Miscellaneous o Repeal of provision of certain Acts o Certain transfers tobe null and void o Exemption o Power of Central Government toissue directions, etc. o Application of other laws not barred o Offences tobe non-cognizable o Offences by companies o Notice, etc., not be invalid on certain ground o Protection of action taken in good faith o Transfer of pending cases o Proceedings, etc., against legal representative o Act tohave overriding effect o Power tomake Rules o Laying of Rules and Notifications before Parliament o Power toremove difficulties o Transitional provision o Repeal and saving
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