https://www.taxtmi.com/highlights?id=63297 Benami transaction - Beneficial owner of property - beneficial owner for its immediate or future benefit, direct or indirect - Provisional attachment order - Section 2(9)(A) and Section 2(9)(C) can only have effect prospectively. Central Government has notified the date of coming into force of the Amendment Act of 2016 as 01.11.2016. Therefore, these two provisions cannot be applied to a transaction which took place prior to 01.11.2016. - HC en-us Fri, 06 May 2022 08:31:40 +0530 Fri, 06 May 2022 08:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63297 Benami transaction - Beneficial owner of property - beneficial owner for its immediate or future benefit, direct or indirect - Provisional attachment order - Section 2(9)(A) and Section 2(9)(C) can only have effect prospectively. Central Government has notified the date of coming into force of the Amendment Act of 2016 as 01.11.2016. Therefore, these two provisions cannot be applied to a transaction which took place prior to 01.11.2016. - HC Highlights Direct Taxes Fri, 06 May 2022 08:31:40 +0530 https://www.taxtmi.com/highlights?id=63297