https://www.taxtmi.com/caselaws?id=431451 The Supreme Court set aside and quashed a provisional attachment order under the Benami Property Act, ruling that the Act's amended provisions are prospective and cannot apply retroactively to transactions before 01.11.2016. The Court declared certain sections of the Act unconstitutional from inception due to being overly broad. As a result, all prosecutions or confiscation proceedings before 25.10.2016 were quashed, emphasizing the Act's prospective application post the 2016 Amendment. The judgment clarified the Act's interpretation and impact on past transactions, leading to the dismissal of the attachment order. en-us Mon, 05 Dec 2022 00:00:00 +0530 Wed, 14 Dec 2022 09:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431451 The Supreme Court set aside and quashed a provisional attachment order under the Benami Property Act, ruling that the Act's amended provisions are prospective and cannot apply retroactively to transactions before 01.11.2016. The Court declared certain sections of the Act unconstitutional from inception due to being overly broad. As a result, all prosecutions or confiscation proceedings before 25.10.2016 were quashed, emphasizing the Act's prospective application post the 2016 Amendment. The judgment clarified the Act's interpretation and impact on past transactions, leading to the dismissal of the attachment order. Case-Laws Benami Property Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431451