Home India Ministry of Finance In exercise of powers conferred under section 71 of the Proh...
Date: 2016-10-25 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under section 71 of the Prohibition of Benami Property Transactions Act

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, issued by the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes on October 25, 2016, concerns the Prohibition of Benami Property Transactions Act, 1988. **S.O. 3288(E):** Effective November 1, 2016, the Adjudicating Authority and Appellate Tribunal established under the Prevention of Money-Laundering Act, 2002, will also discharge the functions of the Adjudicating Authority and Appellate Tribunal, respectively, under the Prohibition of Benami Property Transactions Act, 1988, until dedicated authorities are appointed. [F. No. 149/144/2015-TPL Part II] **S.O. 3289(E):** The Central Government appoints November 1, 2016, as the date on which the provisions of the Benami Transaction Prohibition Amendment Act, 2016, come into force. [F. No. 149/144/2015-TPL Part II] Pravin Rawal, Director, Tax Policy Legislation, is the contact person.

Key Entities Referenced

Prohibition of Benami Property Transactions Act, 1988: An Act of the Indian Parliament concerning benami transactions and property. Prevention of Money-Laundering Act, 2002: An Act of the Indian Parliament to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering. Central Board of Direct Taxes: A government agency in India dealing with direct taxes. Adjudicating Authority: A legal body appointed under the Prevention of Money Laundering Act and Prohibition of Benami Property Transactions Act to adjudicate cases. Appellate Tribunal: A legal body established under the Prevention of Money Laundering Act and Prohibition of Benami Property Transactions Act to hear appeals. Ministry of Finance: A ministry of the Government of India responsible for the country's finances. Department of Revenue: A department under the Ministry of Finance in India responsible for tax collection. Benami Transaction Prohibition Amendment Act, 2016: An Act amending the Prohibition of Benami Property Transactions Act.
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jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 2542] ubZ fnYyh] eaxyokj] vDrwcj 25] 2016@dk£rd 3] 1938 No. 2542] NEW DELHI, TUESDAY, OCTOBER 25, 2016/KARTIKA 3, 1938 िव(cid:7275) मं(cid:7074)ालय (राज(cid:7021)व िवभाग) (क(cid:7286)(cid:7076)ीय (cid:7079)(cid:7004)य (cid:6979) कर बोड(cid:6981)) अिधसचू ना नई (cid:7408)द(cid:7016)ली, 25 अ(cid:6989) तूबर, 2016 का.आ. 3288(अ).—क(cid:7286)(cid:7076)ीय सरकार, बेनामी संपि(cid:7004) त स(cid:7018)ं यवहार अिधिनयम, 1988 (1988 का 45) क(cid:7409) धारा 71 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए अिधसूिचत करती ह ै (cid:7408)क धन शोधन अिधिनयम, 2002 (2003 का 15) क(cid:7409) धारा 6 क(cid:7409) उपधारा (1) के अधीन िनयु(cid:6989) त (cid:7008) यायिनण(cid:6981)यन (cid:7079)ािधकरण और उस अिधिनयम क(cid:7409) धारा 25 के अधीन ग(cid:7407)ठत अपील अिधकरण 1 नवंबर, 2016 स े बेनामी संपि(cid:7004) त स(cid:7018)ं यवहार अिधिनयम, 1988 (1988 का 45) के अधीन (cid:7059)मश: (cid:7008) यायिनण(cid:6981)यन (cid:7079)ािधकरण और अपील अिधकरण के कृ(cid:7004) य(cid:7298) का तब तक िनव(cid:6981)हन कर(cid:7286)गे जब तक बेनामी संपि(cid:7004) त सं(cid:7018) यवहार अिधिनयम, 1988 (1988 का 45) के अधीन (cid:7008) यायिनण(cid:6981)यन (cid:7079)ािधकरण(cid:7298) का गठन नह(cid:7277) कर (cid:7408)दया जाता ह ै । [अिधसूचना सं. 97/2016 फा. सं.149/144/2015-टीपीएल (भाग-2)] (cid:7079)वीण रावल, िनदशे क (कर नीित और िवधान) 4985 GI/2016 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th October, 2016. S.O. 3288(E).—In exercise of powers conferred under section 71 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), the Central Government hereby notifies that, with effect from the 1st day of November, 2016, the Adjudicating Authority appointed under sub-section (1) of section 6 of the Prevention of Money-Laundering Act, 2002 (15 of 2003) and the Appellate Tribunal established under section 25 of that Act shall discharge the functions of the Adjudicating Authority and Appellate Tribunal, respectively, under the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) until the Adjudicating Authorities are appointed and the Appellate Tribunal is established under the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988). [Notification No. 97/2016/F. No. 149/144/2015-TPL (Part-II)] PRAVIN RAWAL, Director (Tax Policy & Legislation) अिधसचू ना नई (cid:7408)द(cid:7016)ली, 25 अ(cid:6989) तूबर , 2016 का.आ. 3289(अ).—क(cid:7286)(cid:7076)ीय सरकार, बेनामी सं(cid:7018) यवहार ((cid:7079)ितषेध) अिधिनयम, 2016 (2016 का 43) क(cid:7409) धारा 1 क(cid:7409) उपधारा (2) (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए, 1 नवंबर, 2016 उस तारीख के (cid:7272)प म(cid:7286) िनयत करती ह,ै िजसको उ(cid:6989) त अिधिनयम के उपबंध लागू ह(cid:7298)गे । [अिधसूचना सं. 98/2016/फा. सं. 149/144/2015-टीपीएल(भाग-2)] (cid:7079)वीण रावल, िनदेशक (कर नीित और िवधान) NOTIFICATION New Delhi, the 25th October, 2016 S.O. 3289(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Benami Transaction (Prohibition) Amendment Act, 2016 (43 of 2016), the Central Government hereby appoints the 1st day of November, 2016 as the date on which provisions of the said Act shall come into force. [Notification No. 98 /2016/F. No. 149/144/2015-TPL (Part-II)] PRAVIN RAWAL, Director (Tax Policy & Legislation) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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