VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case lawSupreme Court › Union of India v Ganpati Dealcom P Ltd
Supreme CourtCuts both waysOverruledBenami Act s.2(8)Benami Act s.3Benami Act s.5Benami Act s.24Benami Transactions (Prohibition) Amendment Act 2016

Union of India v Ganpati Dealcom P Ltd

Can benami proceedings be taken against me for a property bought before October 2016?

Can benami proceedings be taken against me for a property bought before October 2016?

On the current position, yes, because the judgment that said otherwise has gone. In 2022 the Supreme Court held that the 2016 amendment to the Prohibition of Benami Property Transactions Act created new substantive offences and could not operate on transactions before 25 October 2016, struck down s.3(2) and s.5 of the un-amended 1988 Act, and directed pre-amendment prosecutions and confiscations to be quashed. On 18 October 2024 it recalled that judgment in its entirety, holding that constitutional validity had been decided with no lis and no contest between the parties, and restored the appeal for fresh hearing.

Decided by the Supreme Court (2022 judgment: N.V. Ramana, CJI, Krishna Murari and Hima Kohli, JJ. 2024 recall order: Dr D.Y. Chandrachud, CJI, Pamidighantam Sri Narasimha and Manoj Misra, JJ) on 2022-08-23, reported as [2022] 141 taxmann.com 389 (SC); [2022] 289 Taxman 177 (SC); [2022] 447 ITR 108 (SC); (2023) 3 SCC 315 (judgment of 23-8-2022, Civil Appeal No. 5783 of 2022). Recalled by [2024] 167 taxmann.com 525 (SC); [2024] 301 Taxman 313 (SC); [2025] 474 ITR 354 (SC) (order of 18-10-2024 in Review Petition (Civil) No. 359 of 2023). It bears on section Benami Act s.2(8), section Benami Act s.3, section Benami Act s.5, section Benami Act s.24, section Benami Transactions (Prohibition) Amendment Act 2016 of the Income Tax Act 1961, in Evidence & Burden of Proof and How Tax Law Is Read matters.

Read this before you cite it. Do not cite the 23.08.2022 judgment as authority: it was recalled by the Supreme Court on 18 October 2024 and the appeal restored, so pre-25.10.2016 benami proceedings are once again live. If an order in your own matter was made in reliance on the recalled judgment, note that para 7 of the recall order grants liberty to the aggrieved party to seek a review of that order.
Overruled. The judgment of 23 August 2022 no longer holds the field. On the Union's review petition the Supreme Court recalled it on 18 October 2024 — Union of India v. Ganpati Dealcom (P.) Ltd. [2024] 167 taxmann.com 525/301 Taxman 313 (SC)/[2025] 474 ITR 354 (SC) — because the constitutional validity of the un-amended ss.3 and 5 had been decided although no party had challenged it and there was no lis or contest on the point. Civil Appeal No. 5783 of 2022 stands restored for fresh adjudication, so the prospectivity question is reopened. Strictly the judgment was recalled rather than overruled by a later Bench; the status field carries no separate value for a recall. Where this was checked.

Why it matters

A great many replies and appeals were built on the 2022 ruling to have pre-2016 benami proceedings quashed, and that foundation has been removed; anything still pending on that ground needs rethinking. The recall was on a procedural footing rather than a rejection of the prospectivity reasoning, so the substantive question is open rather than decided against the taxpayer. Until the restored appeal is heard, the safest assumption is that pre-25 October 2016 proceedings are live.

Binding on every court and authority in India.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

Read aloud by your device. Press again to stop.

Related

Other authorities on the same sections.