https://www.taxtmi.com/caselaws?id=427579 The HC quashed the attachment order and related proceedings under the Benami Transactions (Prohibition) Amendment Act, 2016, as the Apex Court ruled that criminal prosecution or confiscation for transactions predating the Act cannot be pursued. The HC aligned with the Apex Court's decision that certain sections of the Act are unconstitutional and that the punitive provisions should apply prospectively. Consequently, the HC allowed the petitioner's application, quashed the impugned order, and made no order as to costs, ensuring adherence to the Apex Court's legal principles. en-us Wed, 07 Sep 2022 00:00:00 +0530 Fri, 19 Jan 2024 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427579 The HC quashed the attachment order and related proceedings under the Benami Transactions (Prohibition) Amendment Act, 2016, as the Apex Court ruled that criminal prosecution or confiscation for transactions predating the Act cannot be pursued. The HC aligned with the Apex Court's decision that certain sections of the Act are unconstitutional and that the punitive provisions should apply prospectively. Consequently, the HC allowed the petitioner's application, quashed the impugned order, and made no order as to costs, ensuring adherence to the Apex Court's legal principles. Case-Laws Benami Property Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427579