https://www.taxtmi.com/article/detailed?id=9667 The Finance Bill, 2021 designates an existing forfeiture authority as the Adjudicating Authority for the Prohibition of Benami Property Transaction Act and omits sections 8-17 that previously governed composition, appointment, tenure, removal and staffing of the Adjudicating Authority. The Bill also inserts a limited extension for adjudication deadlines within a specified period and removes rulemaking entries that authorised regulations on appointment procedures and salaries of adjudicating members, thereby reallocating adjudicatory responsibility and narrowing certain rulemaking powers. en-us Fri, 05 Feb 2021 06:25:20 +0530 Fri, 05 Feb 2021 06:25:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9667 The Finance Bill, 2021 designates an existing forfeiture authority as the Adjudicating Authority for the Prohibition of Benami Property Transaction Act and omits sections 8-17 that previously governed composition, appointment, tenure, removal and staffing of the Adjudicating Authority. The Bill also inserts a limited extension for adjudication deadlines within a specified period and removes rulemaking entries that authorised regulations on appointment procedures and salaries of adjudicating members, thereby reallocating adjudicatory responsibility and narrowing certain rulemaking powers. Articles Budget - Tax Proposals Fri, 05 Feb 2021 06:25:20 +0530 https://www.taxtmi.com/article/detailed?id=9667