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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Prohibition of Benami Property Transactions Act amendment replaces Board with incometax officers as competent authority, redefining enforcement.</h1> Section 55 of the Prohibition of Benami Property Transactions Act is amended to substitute the term 'Board' with 'competent authority', effective 1 September 2019. The amendment defines 'competent authority' to mean specified incometax officers (Commissioner, Director, Principal Commissioner, Principal Director of Incometax) as per corresponding clauses of the Incometax Act. The operative effect is a statutory reallocation of enforcement and administrative functions under section 55 from the previously referenced Board to designated incometax authorities, aligning benami enforcement with incometax officials.
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