Section 24 of the Prohibition of Benami Property Transactions Act, 1988—Benami transaction – The petitioner challenged the order of provisional attachment of immovable properties under Section 24(4)(b)(i) of the Prohibition of Benami Property Transactions Act, 1988 and also the notice issued under Section 24 (5) of the said Act in respect of confirmation of the order of provisional attachment. While holding ”Both these provisions of law have been inserted by way of the amendment Act of 2016 w.e.f. 01.11.2016. A plain reading of both these provisions makes it evident that Sub Section 2 would be applicable upon any Benami Transactions made prior to 01.11.2016 and Sub Section 3 would be applicable upon only those properties or Benami Transactions made on or after the commencement of the Amendment Act, 2016 i.e. 01.11.2016. This again leads us to draw a safe inference that the proceedings under the Act of 1988 could very well be initiated against a person who has entered into a Benami transaction irrespective of the date when the amendment act came into force“, Writ petition rejected. - TULSIRAM V/s ASSTT. CIT - [2020] 270 TAXMAN 309 (CHHATTISGARH)