Union Of India vs M/S. Ganpati Dealcom Pvt. Ltd. Tthrough ...

The Supreme Court addressed the prospective effect of the Prohibition of Benami Property Transactions Act, 1988, as amended by the 2016 Act. The court analyzed the legal implications of the amendments and determined that the provisions of the 2016 Act apply only to transactions occurring after its enactment. Consequently, the appeal was dismissed, affirming the High Court's decision regarding the applicability of the law to past transactions.