Effect of failure to furnish information in respect of properties held benami

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....inance Act, 1984 w.e.f. 01-04-1984 before it was read as, "the real owner of such property unless,- (a) the income, if any, from such property has been disclosed in any return of income furnished by the claimant under this Act; or (b) such property has been disclosed in any return of net wealth furnished by the claimant under the Wealth-tax Act, 1957 (27 of 1957); o....

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....ithin fourteen days from the date of receipt of the application therefor." 5.  Repealed vide Section 56 of the Prohibition Of Benami Property Transactions Act, 1988 w.e.f. 19-5-1988 before it was read as, "^1[281A. Effect of failure to furnish information in respect of properties held benami. (1) No suit to enforce any right in respect of any property held ben....

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....within a period of one year from the said date, to the Commissioner. (1B) Notwithstanding anything contained in sub-section (1) or sub-section (1A), in relation to any suit relating to any immovable property of a value not exceeding fifty thousand rupees, the provisions of sub-section (1) or, as the case may be, sub-section (1A) shall be deemed to have been fulfilled if, at any time befor....