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Direct Taxes - Highlights / Catch Notes

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Prohibition of Benami Property Transactions - provisional order ...

Case Laws     Direct Taxes

December 14, 2022

Prohibition of Benami Property Transactions - provisional order of attachment - Section 2(9)(A) and 2(9)(C) - these two provisions cannot be applied to a transaction which took place prior to 01.11.2016. In that case, the transaction was dated 14.12.2011. Therefore, the show cause notice, provisional attachment order as well as the adjudicating order were declared null and void being without jurisdiction and consequently, quashed. - HC

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