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Core Purpose

Notification allocating jurisdiction among Competent Authorities under section 5(1) of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 for purposes of the Prohibition of Benami Property Transactions Act, 1988, superseding a 2021 notification.

Detailed Summary

The Ministry of Finance, Department of Revenue, Competent Authority Cell, issued Notification No. 04 of 2023 (G.S.R. 571(E)) dated 31st July 2023, in exercise of powers under section 7 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) as amended by the Finance Act, 2021 (13 of 2021), superseding notification No. 02 of 2021 (G.S.R. 499(E)) dated 19th July 2021, to allocate areas of jurisdiction among the Competent Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976): Competent Authority, Kolkata handles cases from Income Tax Authorities headquartered at Kolkata, Bhubaneshwar, Patna and Guwahati; Competent Authority, Chennai handles cases from Bengaluru, Chennai, Kochi and Hyderabad; Competent Authority, New Delhi handles cases from Delhi, Chandigarh, Ludhiana, Jaipur, Lucknow and Kanpur; and Competent Authority, Mumbai handles cases from Mumbai, Ahmedabad, Surat, Pune, Nagpur, Panaji, Bhopal and Raipur; the territorial jurisdiction of the relevant Income Tax Authorities follows CBDT Notification No. 40/2017 (F. No. 173/429/2016-ITA-I) dated 18th May 2017 (S.O. 1621(E)); issued under F. No. A-50050/76/2023-CA Cell and signed by Manoj Kumar Singh, Director (Hq).

Full Text

EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 449] NEW DELHI, MONDAY, JULY 31, 2023/ SHRAVANA 9, 194 5 CG-DL-E-31072023-247735 MINISTRY OF FINANCE (Department of Revenue ) (COMPETENT AUTHORITY CELL ) NOTIFICATION New Delhi, the 31st July, 2023 No. 04 of 2023 G.S.R. 5 71(E).— In ex ercise of the powers conferred under section 7 of the Prohibition of Benami Property Transactions Act, 1988 [hereinafter called as “Act”](45 of 1988) as amended by Finance Act, 2021 (13 of 2021), and in supersession of the notification number 02 of 2021 G. S.R, 499(E), dated the 19th July, 2021, Ministry of Finance, Department of Revenue, published in Part II, Section 3, Sub -section (i) of the Gazette of India, Extraordinary, except as respects things done or omitted to be done before such supersession, the Central Government is pleased to allocate the following areas of jurisdiction among the Competent Authorities authorized under sub -section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 197 6) for the purpose of the said Act: - Sl. No. Name of Competent Authority Jurisdiction 1. Competent Authority, Kolkata All the cases referred by Income Tax Authorities* exercising the powers and performing the functions under the Prohibition of Benami Prop erty Transactions Act, 1988 having headquarters at Kolkata, Bhubaneshwar, Patna, Guwahati. 2. Competent Authority, Chennai All the cases referred by Income Tax Authorities* exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Bengaluru, Chennai, Kochi, Hyderabad. 3. Competent Authority, New Delhi All the cases referred by Income Tax Authorities* exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 having headquarters at Delhi, Chandigarh, Ludhiana, Jaipur, Lucknow, Kanpur. 4. Competent Authority, Mumbai All the cases referred by Income Tax Authorities* exercising the powers and performing the functions under t he Prohibition of Benami Property Transactions Act, 1988 having headquarters at Mumbai, Ahmedabad, Surat, Pune, Nagpur, Panaji, Bhopal, Raipur. * The territorial area wise jurisdiction of the respective Income Tax Authorities in this regard shall be same as provided for in CBDT Notification No 40/2017/F. No. 173/429/2016 -ITA-I dated 18 -05-2017 [S.O. 1621(E)] published in Part II, Section 3, Sub -section (ii) of the Gazette of India, Extraordinary. The work performed by the Competent Authorities authoriz ed under sub -section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) in exercise of powers conferred under section 7 of the Prohibition of Benami Property Transactions Act 1988 shall be in addition to the work already being performed by the Competent Authorities. [F. No. A -50050/76/2023 -CA Cell] MANOJ KUMAR SINGH, Director (Hq) Uploaded by Dte. of Printing at Government of India Press, Ring Road , Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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