Provision u/s 5 of Amended Act of Prohibition of Benami Property Transaction Act being Punitive Nature can only be Applied Prospectively: Madras HC [Read Order]

The Madras HC ruled on the effect of provision 5 of the Amended Act of Prohibition of Benami Property Transaction Act (2016)

By Yogitha S. Yogesh - On January 4, 2024 3:34 pm - 2 mins read

Benami Property Transaction Act - Amended Act - Madras HC - Prohibition of Benami Property Transaction Act - taxscan

The Madras High Court Provision under section 5 of the Amended Act of Prohibition of Benami Property Transaction Act, 1988 (Amended 2016) being Punitive Nature can only be Applied Prospectively. The appellant revenue challenged the order passed by the Appellate Tribunal for Prohibition of Benami Property Transaction Act, 1988, New Delhi, in the appeals filed…

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