https://www.taxtmi.com/news?id=16461 The Act expands the prohibition of benami transactions with an inclusive statutory definition and creates a specialised enforcement framework: Initiating Officers, Approving Authorities, Adjudicating Authorities, an Appellate Tribunal and Administrators. Authorities have civil-court-like discovery and compulsion powers, may provisionally attach property, refer cases to Adjudicating Authorities for adjudication and, upon confirmation, effect confiscation vesting absolute title in the Central Government. The statute prescribes procedures for notice, attachment, appeal, management and disposal of confiscated property, penalties for benami dealings and false information, and establishes Special Courts and appellate review. en-us Wed, 03 Aug 2016 15:38:57 +0530 Wed, 03 Aug 2016 15:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16461 The Act expands the prohibition of benami transactions with an inclusive statutory definition and creates a specialised enforcement framework: Initiating Officers, Approving Authorities, Adjudicating Authorities, an Appellate Tribunal and Administrators. Authorities have civil-court-like discovery and compulsion powers, may provisionally attach property, refer cases to Adjudicating Authorities for adjudication and, upon confirmation, effect confiscation vesting absolute title in the Central Government. The statute prescribes procedures for notice, attachment, appeal, management and disposal of confiscated property, penalties for benami dealings and false information, and establishes Special Courts and appellate review. News - Wed, 03 Aug 2016 15:38:57 +0530 https://www.taxtmi.com/news?id=16461