https://www.taxtmi.com/caselaws?id=106927 The Act treats illegally acquired property broadly and permits forfeiture of property held directly or indirectly for a detenue or convict, including assets standing in the name of a relative or associate if traceable to illegal activity. Once notice is issued on recorded reasons to believe, the affected person bears the burden of proving that the property is not illegally acquired. Findings on the source of funds are primarily factual, and writ interference is limited to perversity or irrelevant material. Income-tax acceptance of funds does not bind proceedings under the Act. en-us Fri, 09 Feb 2001 00:00:00 +0530 Fri, 16 Mar 2012 13:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106927 The Act treats illegally acquired property broadly and permits forfeiture of property held directly or indirectly for a detenue or convict, including assets standing in the name of a relative or associate if traceable to illegal activity. Once notice is issued on recorded reasons to believe, the affected person bears the burden of proving that the property is not illegally acquired. Findings on the source of funds are primarily factual, and writ interference is limited to perversity or irrelevant material. Income-tax acceptance of funds does not bind proceedings under the Act. Case-Laws Companies Law Fri, 09 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106927