Benami notice under Section 24(1) set aside after Supreme Court precedent was treated as covering the challenge.

A notice issued under Section 24(1) of the Prohibition of Benami Property Transactions Act, 1988 was challenged on the ground that its legality was already covered by an earlier Supreme Court decision and a subsequent order following that decision. On the parties' joint submission and the covered nature of the issue, the challenge was accepted. The impugned notice was set aside and all subsequent proceedings were quashed.

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Issues: Whether the notice issued under Section 24(1) of the Prohibition of Benami Property Transactions Act, 1988 and the subsequent proceedings were liable to be set aside.

Analysis: The legality of the impugned notice was stated to be covered by an earlier Supreme Court decision and by a subsequent order of the Court following that decision. In view of the joint submission of the parties and the covered nature of the issue, the challenge to the notice was accepted.

Conclusion: The impugned notice under Section 24(1) of the Prohibition of Benami Property Transactions Act, 1988 was set aside and all subsequent proceedings were quashed.

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