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Income Tax Dept.’s Appeal Not Maintainable Amid Unsettled Legal Position on Prospective vs Retrospective Application of Benami Amendment Act: Bombay HC

The Bombay High Court has dismissed a first appeal filed by the Income Tax Department challenging the Appellate Tribunal’s 2023 decision in a benami property attachment matter, holding that the appeal itself was unnecessary in light of the unresolved legal question surrounding the applicability of the 2016 amendments to the Prohibition of Benami Property Transactions…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.

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