Supreme Court of India · 2022-08-23
UNION OF INDIA vs M/S. GANPATI DEALCOM PVT. LTD. TTHROUGH MANAGING DIRECTOR
- Citation / case number
- SC 2020/2941
- Court
- Supreme Court of India
- Petitioner
- UNION OF INDIA
- Respondent
- M/S. GANPATI DEALCOM PVT. LTD. TTHROUGH MANAGING DIRECTOR
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MS. JUSTICE HIMA KOHLI, HON'BLE MR. JUSTICE C.T. RAVIKUMAR
Judgment text excerpt
The Supreme Court addressed the legal question of whether the Prohibition of Benami Property Transactions Act, 1988, as amended by the 2016 Act, has a prospective effect. The court analyzed the implications of the amendments and their applicability to transactions made prior to the enactment of the 2016 Act. Ultimately, the court ruled that the amendments do not apply retrospectively, thereby clarifying the legal standing of the transactions in question.