https://www.taxtmi.com/caselaws?id=389574 The High Court upheld the provisional attachment of immovable properties under the Prohibition of Benami Property Transactions Act, 1988. It ruled that the Act, as amended in 2016, applies to all transactions, including those predating the amendment. The Court emphasized the Act's enhanced procedural provisions and dismissed the petitioners' argument against its retrospective application. It found the attachment orders lawful, emphasizing the importance of determining ownership through final adjudication. The Court rejected the petitioners' claims, stating that the amended Act's provisions are crucial for addressing Benami transactions effectively. en-us Fri, 15 Nov 2019 00:00:00 +0530 Wed, 25 Dec 2019 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389574 The High Court upheld the provisional attachment of immovable properties under the Prohibition of Benami Property Transactions Act, 1988. It ruled that the Act, as amended in 2016, applies to all transactions, including those predating the amendment. The Court emphasized the Act's enhanced procedural provisions and dismissed the petitioners' argument against its retrospective application. It found the attachment orders lawful, emphasizing the importance of determining ownership through final adjudication. The Court rejected the petitioners' claims, stating that the amended Act's provisions are crucial for addressing Benami transactions effectively. Case-Laws Benami Property Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389574