Informant reward for benami property limited by percentage of confiscated value, with interim payments offset and an overall cap. Final reward is payable up to 5% of fair market value for movable property and up to circle rate for immovable property confiscated, subject to scheme eligibility; interim reward paid is deducted from the final reward, and the total of interim and final rewards for a single benami property is capped at Rs. 1 crore.
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 for benami property limited by percentage of confiscated value, with interim payments offset and an overall cap.
Final reward is payable up to 5% of fair market value for movable property and up to circle rate for immovable property confiscated, subject to scheme eligibility; interim reward paid is deducted from the final reward, and the total of interim and final rewards for a single benami property is capped at Rs. 1 crore.
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