https://www.taxtmi.com/caselaws?id=24799 The Benami Transactions (Prohibition of the Right to Recover Property) Ordinance is construed as retrospectively extinguishing the real owner's previously recognised right to recover benami property and barring benami-based suits, claims and defences in pending civil proceedings, including appeals. Its broad references to "action" and "defence", together with the legislative objective and removal of protection for existing benami holdings, support application to prior transactions and ongoing litigation. The prohibition is presented as a public-interest measure addressing revenue evasion, concealed assets and corrupt practices, and as a valid restriction not violating Article 19(1)(f). en-us Mon, 01 Aug 1988 00:00:00 +0530 Fri, 22 Jan 2010 14:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24799 The Benami Transactions (Prohibition of the Right to Recover Property) Ordinance is construed as retrospectively extinguishing the real owner's previously recognised right to recover benami property and barring benami-based suits, claims and defences in pending civil proceedings, including appeals. Its broad references to "action" and "defence", together with the legislative objective and removal of protection for existing benami holdings, support application to prior transactions and ongoing litigation. The prohibition is presented as a public-interest measure addressing revenue evasion, concealed assets and corrupt practices, and as a valid restriction not violating Article 19(1)(f). Case-Laws Income Tax Mon, 01 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24799