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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Benami property law: Repeal of specified Trust, Civil Procedure and Incometax provisions, with Jammu and Kashmir exception preserved</h1> Section 56 abolishes specified statutory provisions that conflicted with the prohibition on benami transactions by repealing certain sections of the Indian Trusts Act, the Code of Civil Procedure and a provision of the Income-tax Act; this repeal removes those provisions' operation except that the Income-tax provision continues to operate in Jammu and Kashmir. The repeal clause was inserted by the 2016 Amendment, effective 01-11-2016. The operative effect is elimination of identified legal bases inconsistent with the benami prohibition while preserving the Income-tax provision's territorial application to Jammu and Kashmir.
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