https://www.taxtmi.com/caselaws?id=342099 Forfeiture under the SAFEMA requires the reasons recorded before notice to disclose, at least prima facie, a real nexus between the property and the detenu's unlawful activity. A broad definition of illegally acquired property does not remove the statutory duty to trace the assets to the detenu or his prohibited conduct. If the recorded reasons rely only on unexplained sources, voluntary disclosure, or lack of proof of funds without linking the property to the detenu, the foundation for forfeiture is not met. Strict compliance with the statute is therefore mandatory, and a notice issued without that nexus is invalid. en-us Tue, 25 Apr 2017 00:00:00 +0530 Thu, 16 Nov 2017 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342099 Forfeiture under the SAFEMA requires the reasons recorded before notice to disclose, at least prima facie, a real nexus between the property and the detenu's unlawful activity. A broad definition of illegally acquired property does not remove the statutory duty to trace the assets to the detenu or his prohibited conduct. If the recorded reasons rely only on unexplained sources, voluntary disclosure, or lack of proof of funds without linking the property to the detenu, the foundation for forfeiture is not met. Strict compliance with the statute is therefore mandatory, and a notice issued without that nexus is invalid. Case-Laws Indian Laws Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342099