Substitution of new section for section 2

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....g Authority" means an Additional Commissioner or a Joint Commissioner as defined in clauses (1C) and (28C) respectively of section 2 of the Income-tax Act, 1961; (43 of 1961.) (5) "attachment" means the prohibition of transfer, conversion, disposition or movement of property, by an order issued under this Act; (6) "authority" means an authority referred to in sub-section (1) of section 18; (7) "banking company" means a company to which the provisions of the Banking Regulation Act, 1949, (10 of 1949.) applies and includes any bank or banking institution referred to in section 51 of that Act; (8) "benami property" means any property which is the subject matter of a benami transaction and also includes the proceeds from ....

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....owners in any document, and the consideration for such property has been provided or paid out of the known sources of the individual; or (B) a transaction or an arrangement in respect of a property carried out or made in a fictitious name; or (C) a transaction or an arrangement in respect of a property where the owner of the property is not aware of, or, denies knowledge of, such ownership; (D) a transaction or an arrangement in respect of a property where the person providing the consideration is not traceable or is fictitious; Explanation.-For the removal of doubts, it is hereby declared that benami transaction shall not include any transaction involving the allowing of possession of any property to be taken or retained ....

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....tion; and (ii) where the price referred to in sub-clause (i) is not ascertainable, such price as may be determined in accordance with such manner as may be prescribed; (17) "firm" shall have the same meaning as assigned to it in section 4 of the Indian Partnership Act, 1932 (9 of 1932.) and shall include a limited liability partnership as defined in the Limited Liability Partnership Act, 2008; (6 of 2009.) (18) "High Court" means- (i) the High Court within the jurisdiction of which the aggrieved party ordinarily resides or carries on business or personally works for gain; and (ii) where the Government is the aggrieved party, the High Court within the jurisdiction of which the respondent, or in a case where there are more than one ....

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....25) "prescribed" means prescribed by rules made under this Act; (26) "property" means assets of any kind, whether movable or immovable, tangible or intangible, corporeal or incorporeal and includes any right or interest or legal documents or instruments evidencing title to or interest in the property and where the property is capable of conversion into some other form, then the property in the converted form and also includes the proceeds from the property; (27) "public financial institution" shall have the same meaning as assigned to it in clause (72) of section 2 of the Companies Act, 2013; (18 of 2013.) (28) "Special Court" means a Court of Session designated as Special Court under sub-section (1) of section 50; (29) "transfer" i....