Benami Attachment Quashed as 2016 Amendment was Prospective: Gujarat HC

Chhaganbhai Bholidas Patel Vs Deputy Director of Income Tax (Gujarat High Court) Summary: The Gujarat High Court heard a petition filed by the petitioner challenging the attachment order passed under Section 24(3) of the Prohibition of Benami Property Transactions Act, 1988, as amended by the Benami Transactions (Prohibition) Amendment Act, 2016, along with all consequential proceedings arising from it. The petitioner sought to quash the attachment order and related actions, contending that the 2016 Amendment Act could not be applied retrospectively. The prayer also included a declaration tha...