SC: No Criminal Proceedings can be initiated against any Benami transaction prior to October, 2016
Last updated: 27 August 2022
Court :
Supreme Court of India
Brief :
The Hon'ble Supreme Court, India in the matter of Union of India v. Ganpati Dealcom (P.) Ltd [Civil Appeal No. 5783 of 2022 dated August 23, 2022] has held that the revenue department cannot initiate criminal proceedings for transactions entered into prior to theBenami Transaction (Prohibition) Amendment Act, 2016 ("the Benami Amended Act") and hence all such prosecutions or confiscation proceedings shall stand quashed.
Citation :
Civil Appeal No. 5783 of 2022 dated August 23, 2022
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
Bimal Jain
Published in Income Tax
Views : 151
Comments
Trending Online Classes
CAclubindia
