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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Benami transaction - retrospective or prospective amendments - ...


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

July 20, 2019

Case Laws     Income Tax     HC

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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