Section 55 - Previous sanction. - Prohibition Of Benami Property Transactions Act, 1988

1 [Previous sanction. 55. No prosecution shall be instituted against any person in respect of any offence under sections 3, 53 or section 54 without the previous sanction of the 2 [ competent authority ] . ] 3 [ Explanation . For the purposes of this section, competent authority means a Commissioner, a Director, a Principal Commissioner of Income-tax or a Principal Director of Income-tax as defined in clause (16), clause (21), clause (34B) and clause (34C), respectively, of section 2 of the Income-tax Act, 1961 (43 of 1961.). ] ******************* Notes: 1. Inserted vide Benami Transactions (Prohibition) Amendment Act, 2016 2. Substituted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-09-2019 before it was read as Board 3. Inserted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-09-2019