Informant reward limits set for benami disclosures with staged interim and final payments and cross scheme aggregation rules. The Scheme provides staged rewards for informants: a provisional interim reward based on fair market value or circle rate subject to an upper ceiling per benami property, and a larger final reward upon confiscation with interim payments deducted; total reward per property is capped. Multiple properties reported together are assessed individually. When the same information yields rewards under both this Scheme and the Income Tax Informants Reward Scheme, the combined award is restricted by the higher applicable scheme cap and applied according to the Scheme's aggregation rule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Informant reward limits set for benami disclosures with staged interim and final payments and cross scheme aggregation rules.
The Scheme provides staged rewards for informants: a provisional interim reward based on fair market value or circle rate subject to an upper ceiling per benami property, and a larger final reward upon confiscation with interim payments deducted; total reward per property is capped. Multiple properties reported together are assessed individually. When the same information yields rewards under both this Scheme and the Income Tax Informants Reward Scheme, the combined award is restricted by the higher applicable scheme cap and applied according to the Scheme's aggregation rule.
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