Para 7 - When reward may be granted - Benami Transactions Informants Reward Scheme, 2018

7. When reward may be granted: An informant under the scheme can be granted interim final reward by the competent authority. (i) Interim reward can be granted on fulfillment of the following conditions: (a) the informant has given specific information of benami property in the prescribed format in Annexure-A and obtained informant code under the scheme; (b) provided assistance required, if any, by the Addl./JCIT (BP) or any other investigating officer to whom the JCIT/Addl. CIT (BP) concerned may assign the investigation into the information given by the informant; and (c) pursuant to such information, the benami property has actually been provisionally attached under Section 24(4) of the Act. (ii) Final reward can be granted on fulfillment of the following conditions: (a) the informant has given specific information of benami property in the prescribed format in Annexure-A and obtained informant code under the scheme; (b) provided assistance required, if any, by the Addl./JCIT (BP) or any other investigating officer to whom the JCIT/Addl. CIT (BP) concerned may assign the investigation into the information given by the informant; (c) the benami property has been confiscated under Section 27 of the Act; and (d) Such confiscation has become final in judicial proceedings after confiscation order is passed. The confiscation shall be deemed to be final if two years have passed from the date of confiscation and there is no litigation pending against such confiscation.