NEW DELHI: The Union Cabinet on Wednesday approved the appointment of Adjudicating Authority and establishment of Appellate Tribunal under the Prohibition of Benami Property Transactions (PBPT) Act, 1988. Union Finance Minister Arun Jaitley told media that the appointment of an adjudicating authority, along with the three additional benches and the Appellate Tribunal would be done under the Act.
The appointment would provide officers and employees to adjudicating authority, benches of the adjudicating authority and appellate tribunal by diverting the existing posts at the same level from the Income Tax department or the Central Board of Direct Taxes. The Authority and Tribunal would sit in Delhi while benches of adjudicating authority may sit in Kolkata, Mumbai and Chennai, and the necessary notification would be issued after making consultation with the chairperson of the proposed adjudicating authority.
Mr Jaitley said the approval will result in effective and better administration of cases referred to the adjudicating authority and speedy disposal of appeals filed against the order of the adjudicating authority before the appellate tribunal.
The appointment of the adjudicating authority would provide first stage review of administrative action under the PBPT Act. Establishment of the proposed Appellate Tribunal would provide an appellate mechanism for the order passed by the adjudicating authority under the PBPT Act. (AGENCIES)
Follow our WhatsApp channel