What is the quantum of the Final reward if the Informant is eligible for a reward under Income Tax Informants Reward Scheme, 2018 and Benami Transactions Informants Reward Scheme, 2018?
FAQs on Income tax informants reward scheme, 2018
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Informant reward cap limits combined awards under income tax and benami informant schemes when based on substantially same facts. Where an informant is eligible under both the Income Tax Informants Reward Scheme, 2018 and the Benami Transactions Informants Reward Scheme, 2018 for information based on substantially the same facts, the aggregate reward payable under both schemes together is subject to a combined reward cap not to exceed Rs. 5 crores.
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 cap limits combined awards under income tax and benami informant schemes when based on substantially same facts.
Where an informant is eligible under both the Income Tax Informants Reward Scheme, 2018 and the Benami Transactions Informants Reward Scheme, 2018 for information based on substantially the same facts, the aggregate reward payable under both schemes together is subject to a combined reward cap not to exceed Rs. 5 crores.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.