SATYAJIT SAHA AND 9 ORS vs. THE UNION OF INDIA AND 3 ORS
The appeal is allowed
ITA/1/2026HC Gauhati29 Jan 2026
Bench: HONOURABLE MR. JUSTICE MICHAEL ZOTHANKHUMA,HONOURABLE MR. JUSTICE KAUSHIK GOSWAMI
Section 19(1)(b)Section 24Section 49
e) Concerned authorities cannot initiate or continue criminal
prosecution or confiscation proceedings for transactions entered into
prior to the coming into force of the 2016 Act, viz., 25.10.2016. As a
consequence of the above declaration, all such prosecutions or
confiscation proceedings shall stand quashed.
f) As this Court is not concerned with the constitutionality of
such independent forfeiture proceedings contemplated
