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of <h1>Comprehensive Guidelines for Implementing Benami Property Transactions Act with Procedures for Property Attachment and Prosecution</h1> The circular outlines Standard Operating Procedures for implementing the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016). It establishes dedicated Benami Prohibition Units (BPUs) under each Principal Director of Income Tax (Investigation). The circular clarifies that the Act has been applicable since 1988, with amendments effective from November 2016. It details procedures for identifying benami transactions, attaching properties, making references to Adjudicating Authorities, and initiating prosecutions. The document emphasizes coordination between Investigation Units and BPUs, and provides guidance on harmonizing actions under both the Income Tax Act and Benami Transactions Act.
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