Prohibition of benami property transactions: Finance Act 2021 omits Sections 8-17 of the principal Act. Section 156 of the Finance Act, 2021 effects a targeted amendment to the Prohibition of Benami Property Transactions Act, 1988 by omitting Sections 8 to 17 of the principal Act. The operative mechanism is statutory removal of those provisions so that the text of the principal Act no longer includes Sections 8-17; the amendment is presented solely as an omission provision within the Finance Act, 2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition of benami property transactions: Finance Act 2021 omits Sections 8-17 of the principal Act.
Section 156 of the Finance Act, 2021 effects a targeted amendment to the Prohibition of Benami Property Transactions Act, 1988 by omitting Sections 8 to 17 of the principal Act. The operative mechanism is statutory removal of those provisions so that the text of the principal Act no longer includes Sections 8-17; the amendment is presented solely as an omission provision within the Finance Act, 2021.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.