By Rajat Jain, Advocate Vaish Associate Advocates This Article has been published by TAXMANN on July 22, 2017, [2017] 83 taxmann.com 235 (Article). Background Despite the fact, the Benami Transactions (Prohibition) Act, 1988 came into force on 19.05.1988 (hereinafter referred as “1988 Act”) in India...