Supreme Court Said That Benami Law Cannot Be Applied Retrospectively, Watch To Know More

The Supreme Court on Tuesday said the Section 3(2) of the Benami Transactions (Prohibition) Act 1988 as unconstitutional on the ground of being manifestly arbitrary. A bench headed by Chief Justice N.V. Ramana said the amendment Act of 2016 to the 1988 Act is prospective in nature and it cannot apply retrospectively. Why will the law not apply from the old date? Know full details from Brajesh Kumar.