https://www.taxtmi.com/caselaws?id=235392 Forfeiture of property under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 was held unsustainable where the petitioner could substantiate lawful sources for acquisition and construction, including gifted land, a financial corporation loan, scrap-sale proceeds and part of her money-lending income. The Court found that the authorities had not proved with reliable documentary material that the funds attributed to the petitioner's husband were illegally acquired, and it also noted that the construction began before the valuation date adopted in the notice and that the land value was not separately assessed consistently with the notice. Inordinate delay in completing the proceedings and resulting prejudice further undermined the forfeiture. en-us Wed, 03 Jul 2013 00:00:00 +0530 Mon, 22 Jul 2013 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235392 Forfeiture of property under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 was held unsustainable where the petitioner could substantiate lawful sources for acquisition and construction, including gifted land, a financial corporation loan, scrap-sale proceeds and part of her money-lending income. The Court found that the authorities had not proved with reliable documentary material that the funds attributed to the petitioner's husband were illegally acquired, and it also noted that the construction began before the valuation date adopted in the notice and that the land value was not separately assessed consistently with the notice. Inordinate delay in completing the proceedings and resulting prejudice further undermined the forfeiture. Case-Laws Indian Laws Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235392