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          Will an assignment of the reward by the Informant be recognized?

          FAQs on Benami Transactions Informants Reward Scheme, 2018

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          Assignment of informant reward not recognised; reward may be granted to deceased informant's legal heirs or nominated persons. The Scheme does not recognise a private assignment of an informant's reward to another person; voluntary transfers are not accepted. If an informant dies before receipt, the authority may grant the reward to legal heirs or nominated persons, who take the benefit under the same Scheme provisions; nominees must be specified in Annexure A and multiple heirs receive equal shares unless a different allocation is specified or a right is relinquished.
                            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.

                                  Assignment of informant reward not recognised; reward may be granted to deceased informant's legal heirs or nominated persons.

                                  The Scheme does not recognise a private assignment of an informant's reward to another person; voluntary transfers are not accepted. If an informant dies before receipt, the authority may grant the reward to legal heirs or nominated persons, who take the benefit under the same Scheme provisions; nominees must be specified in Annexure A and multiple heirs receive equal shares unless a different allocation is specified or a right is relinquished.





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                                  ActsIncome Tax
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