News & Media 24th Aug 2022
The Supreme Court ruled that the 2016 amendment to the benami property law cannot be applied retrospectively, quashing all such cases where transactions prior to October 25, 2016, were being looked into. The verdict came on the appeal of the Centre challenging the Calcutta High Court judgement in which it was held that the amendment made in the 1988 Act in 2016 would be applicable with prospective effect.
Against this backdrop, Naresh Thacker, Partner at Economic Laws Practice (ELP) has been quoted by The Economic Times in their article titled ‘Supreme Court strikes down provision of 1988 Benami law’. He says, “This will come as a huge relief to persons against whom there are pending prosecutions under the provisions of the amended act with regards to transactions prior to 2016.”
Read the comment and detailed article here: Click here
As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.