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Date: 31-Jul-2023 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred under section 7 of the Prohibition of Benami Property Transactions Act, 1988 (hereinafter called as Act)(45 of 1988) as amended by Finance Act, 2021 (13 of 2021)

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification allocates jurisdiction to Competent Authorities for cases related to the Prohibition of Benami Property Transactions Act, 1988. These Competent Authorities are authorized under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976.
  • This notification supersedes the earlier notification No. 02 of 2021 G.S.R, 499(E), dated the 19th July, 2021, issued by the Ministry of Finance, Department of Revenue, with the exception of actions already taken or omitted before this supersession.

Key Changes

  • The notification assigns jurisdiction to four Competent Authorities based in Kolkata, Chennai, Delhi, and Mumbai.
  • Competent Authority, Kolkata: Handles cases referred by Income Tax Authorities with headquarters at Kolkata, Bhubaneshwar, Patna, Guwahati.
  • Competent Authority, Chennai: Handles cases referred by Income Tax Authorities with headquarters at Bengaluru, Chennai, Kochi, Hyderabad.
  • Competent Authority, Delhi: Handles cases referred by Income Tax Authorities with headquarters at Delhi, Chandigarh, Ludhiana, Jaipur, Lucknow, Kanpur.
  • Competent Authority, Mumbai: Handles cases referred by Income Tax Authorities with headquarters at Mumbai, Ahmedabad, Surat, Pune, Nagpur, Panaji, Bhopal, Raipur.
  • The jurisdiction of the Income Tax Authorities is based on the CBDT Notification No 40/2017/F. No. 173/429/2016-ITA-I dated 18-05-2017.
  • The work assigned to these Competent Authorities is in addition to their existing responsibilities.

Impact Analysis

Stakeholders Affected

  • Central Board of Direct Taxes (CBDT): The notification references CBDT's earlier notification regarding the territorial jurisdiction of Income Tax Authorities, which remains relevant.

Suggested Action Items

  • Legal and Compliance Teams: Review the notification and assess its implications for ongoing and future cases related to Benami property transactions. Update internal policies and procedures as necessary.

Key Entities Referenced

Prohibition of Benami Property Transactions Act, 1988: The primary legislation addressing Benami property transactions. Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976: Act under which the Competent Authorities are authorized. Ministry of Finance, Department of Revenue: The issuing authority of the notification. Competent Authority: Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976. Income Tax Authorities: Authorities exercising powers under the Prohibition of Benami Property Transactions Act, 1988. Central Board of Direct Taxes (CBDT): The board whose notification determines the territorial jurisdiction of the Income Tax Authorities.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31072023-247735 xxxGIDHxxx CG-DL-E-31072023-247735 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 449] नई दिल्ली, सोमिार, िलु ाई 31, 2023/श्रािण 9, 1945 No. 449] NEW DELHI, MONDAY, JULY 31, 2023/SHRAVANA 9, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (सक्षम प्राजधकारी सले ) अजधसचू ना नई दिल् ली, 31 िुलाई, 2023 स.ं 2023 की 04 सा.का.जन. 571(अ).—केन्द्र सरकार, जित्त अजधजनयम, 2021 (2021 का 13) द्वारा यथासंिोजधत बेनामी संपजत्त संव्यिहार का प्रजतषेध अजधजनयम, 1988 [इसमें इसके बाि “अजधजनयम” कहा गया ह]ै (1988 का 45) की धारा 7 द्वारा प्रित्त िजि का प्रयोग करते हुए और जित्त मंत्रालय, रािस्ट्ि जिभाग की दिनांक 19 िुलाई, 2021 की अजधसूचना संख्या 2021 की 02 सा.का.जन, 499, िो भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) में प्रकाजित हुई थी, का अजधक्रमण करते हुए, ऐसे अजधक्रमण से पूिव दकए गए या लोप दकए िाने िाले कायों के अलािा, उपयुवि अजधजनयम के प्रयोिन के जलए तस्ट्कर और जिििे ी मुरा छलसाधक (सम्पजत्त समपहरण) अजधजनयम, 1976 (1976 का 13) की धारा 5 की उप-धारा (1) के तहत प्राजधकृत सक्षम प्राजधकाररयों को जनम्नजलजखत अजधकाररता क्षेत्र आिंरित करती ह:ै- क्रम सक्षम प्राजधकारी का नाम अजधकाररता स.ं 1. सक्षम प्राजधकारी, कोलकाता आयकर प्राजधकरणों*, जिनका मुख्यालय कोलकाता, भुिनेश्वर, पिना, गुिाहािी में ह,ै द्वारा बेनामी संपजत्त संव्यिहार का प्रजतषेध अजधजनयम, 1988 के तहत िजियों का प्रयोग करते हुए और कृत्यों का जनष्पािन करते हुए संिर्भवत सभी मामले। 4924 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 2. सक्षम प्राजधकारी, चेन्नई आयकर प्राजधकरणों*, जिनका मुख्यालय बेंगलूरु, चेन्नई, कोजि, हिै राबाि में है, द्वारा बेनामी संपजत्त संव्यिहार का प्रजतषेध अजधजनयम, 1988 के तहत िजियों का प्रयोग करते हुए और कृत्यों का जनष्पािन करते हुए संिर्भवत सभी मामले। 3. सक्षम प्राजधकारी, दिल्ली आयकर प्राजधकरणों*, जिनका मुख्यालय दिल्ली, चंडीगढ़, लुजधयाना, ियपुर, लखनऊ, कानुपुर में ह,ै द्वारा बेनामी संपजत्त संव्यिहार का प्रजतषेध अजधजनयम, 1988 के तहत िजियों का प्रयोग करते हुए और कृत्यों का जनष्पािन करते हुए संिर्भवत सभी मामले। 4. सक्षम प्राजधकारी, मुंबई आयकर प्राजधकरणों*, जिनका मुख्यालय मुंबई, अहमिाबाि, सूरत, पुणे, नागपुर, पणिी, भोपाल, रायपुर में है, द्वारा बेनामी संपजत्त संव्यिहार का प्रजतषेध अजधजनयम, 1988 के तहत िजियों का प्रयोग करते हुए और कृत्यों का जनष्पािन करते हुए संिर्भवत सभी मामले। * इस संबंध में संबंजधत आयकर प्राजधकरणों की राज्यक्षेत्रीय क्षत्रे -िार अजधकाररता िही होगी िो सीबीडीिी की दिनांक 18-05-2017 की अजधसूचना संख्या 40/2017/फा.सं. 173/429/2016-आईिीए-I [िो भारत के रािपत्र, असाधारण के भाग II, खंड 3, उप-खंड (ii) में का.आ. 1621(ई) में प्रकाजित हुई थी] में िी गई है। बेनामी संपजत्त संव्यिहार का प्रजतषेध अजधजनयम 1988 की धारा 7 के तहत प्रित्त िजियों का प्रयोग करते हुए जिििे ी मुरा छलसाधक (सम्पजत्त समपहरण) अजधजनयम, 1976 (1976 का 13) की धारा 5 की उप-धारा (1) के तहत प्राजधकृत सक्षम प्राजधकाररयों द्वारा दकए िाना िाला कायव सक्षम प्राजधकाररयों द्वारा पहले से दकए िा रह ेकायव के अजतररि होगा। [फा. सं. ए-50050/76/2023-सीए सेल] मनोि कुमार ससंह, जनििे क (मुख्यालय) MINISTRY OF FINANCE (Department of Revenue) (COMPETENT AUTHORITY CELL) NOTIFICATION New Delhi, the 31st July, 2023 No. 04 of 2023 G.S.R. 571(E).— In exercise of the powers conferred under section 7 of the Prohibition of Benami Property Transactions Act, 1988 [hereinafter called as “Act”](45 of 1988) as amended by Finance Act, 2021 (13 of 2021), and in supersession of the notification number 02 of 2021 G.S.R, 499(E), dated the 19th July, 2021, Ministry of Finance, Department of Revenue, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, except as respects things done or omitted to be done before such supersession, the Central Government is pleased to allocate the following areas of jurisdiction among the Competent Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) for the purpose of the said Act:- Sl. Name of Competent Jurisdiction No. Authority 1. Competent Authority, Kolkata All the cases referred by Income Tax Authorities* exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Kolkata, Bhubaneshwar, Patna, Guwahati. 2. Competent Authority, Chennai All the cases referred by Income Tax Authorities* exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Bengaluru, Chennai, Kochi, Hyderabad. 3. Competent Authority, New All the cases referred by Income Tax Authorities* exercising the powers Delhi and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Delhi, Chandigarh, Ludhiana, Jaipur, Lucknow, Kanpur.[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 4. Competent Authority, Mumbai All the cases referred by Income Tax Authorities* exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Mumbai, Ahmedabad, Surat, Pune, Nagpur, Panaji, Bhopal, Raipur. * The territorial area wise jurisdiction of the respective Income Tax Authorities in this regard shall be same as provided for in CBDT Notification No 40/2017/F. No. 173/429/2016-ITA-I dated 18-05-2017 [S.O. 1621(E)] published in Part II, Section 3, Sub-section (ii) of the Gazette of India, Extraordinary. The work performed by the Competent Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) in exercise of powers conferred under section 7 of the Prohibition of Benami Property Transactions Act 1988 shall be in addition to the work already being performed by the Competent Authorities. [F. No. A-50050/76/2023-CA Cell] MANOJ KUMAR SINGH, Director (Hq) 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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