Benami Amendment Act 2016: No Retrospective Application for Pre-November 1, 2016 Transactions Confirmed by Legal Interpretation.

Benami transaction - retrospective or prospective amendments - the Benami Amendment Act, 2016, amending the Principal Benami Act, 1988, enacted w.e.f. 1st November, 2016, i.e. the date determined by the Central Government in its wisdom for its enforcement; cannot have retrospective effect. .....

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