HC restrains revenue from taking action as property was purchased prior to enactment of Benami Amendment Act, 2016

INCOME-TAX/BENAMI ACT: Where petitioner challenged show cause notices issued under sub-section (3) of Section 24 of the Prohibition of Benami Property Transactions Act, 1988 on ground that immovable property, which had been designated as a benami property under the 1988 Act was purchased much prior to the coming into force of Benami Transactions (Prohibition) Amendment Act, 2016

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