https://www.taxtmi.com/caselaws?id=447339 The HC dismissed appeals challenging the Appellate Tribunal's order regarding retrospective application of Section 5 of the Benami Property Transaction (Amendment) Act, 2016. The court held that the SC decision in Union of India v. Ganapati Dealcom Pvt Ltd established that Section 5 provisions cannot be applied retrospectively. Despite a pending review petition by the Department before the SC, the court ruled that mere pendency of review proceedings cannot justify interfering with the Tribunal's order, as no stay was granted on the original SC judgment. en-us Mon, 11 Dec 2023 00:00:00 +0530 Fri, 22 Dec 2023 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447339 The HC dismissed appeals challenging the Appellate Tribunal's order regarding retrospective application of Section 5 of the Benami Property Transaction (Amendment) Act, 2016. The court held that the SC decision in Union of India v. Ganapati Dealcom Pvt Ltd established that Section 5 provisions cannot be applied retrospectively. Despite a pending review petition by the Department before the SC, the court ruled that mere pendency of review proceedings cannot justify interfering with the Tribunal's order, as no stay was granted on the original SC judgment. Case-Laws Benami Property Mon, 11 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447339