(1) Notwithstanding anything contained in any other provision of this Act or any other law for the time being in force, the Board may, by order published in official gazette, grant reward to the following persons:—

(a) an officer or employee of the Board and Income Tax Department for outstanding performance, collection of taxes and detection of tax evasion;

(b) to the officers and employees of the Board and Income Tax Department for collection of revenue in excess of the prescribed target of revenue collection in any financial year; or

(c) any other person for furnishing information leading to detection of tax evasion.