Section —5 (1)
Principle of any Passed transaction
The law was intended to prevent future ‘Benami’ transaction only. The section is never intended to cover any ‘Benami’ transaction held before the law came into force. Nor the law was made retrospective.
Birendra Nath Mondal & Ors Vs. Dulal Chandra Mondal & Ors 13 BLT (HCD) 10.