https://www.taxtmi.com/caselaws?id=24687 In SAFEMA forfeiture proceedings, a present holder claiming to be a transferee in good faith for adequate consideration must be given notice and an effective hearing, because natural justice applies where property is alleged to be illegally acquired. The scheme protects bona fide transferees from forfeiture unless the statutory requirements are properly established. On the facts discussed, a registered sale deed, consideration, authority registration, construction permission, occupancy certificate, continued possession, and property tax payments supported bona fide acquisition, so forfeiture could not be sustained against such a holder. Where the record is insufficient as to acquisition and statutory preconditions, the matter requires fresh consideration after giving affected persons an opportunity to respond. en-us Fri, 21 Oct 1988 00:00:00 +0530 Thu, 21 Jan 2010 16:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24687 In SAFEMA forfeiture proceedings, a present holder claiming to be a transferee in good faith for adequate consideration must be given notice and an effective hearing, because natural justice applies where property is alleged to be illegally acquired. The scheme protects bona fide transferees from forfeiture unless the statutory requirements are properly established. On the facts discussed, a registered sale deed, consideration, authority registration, construction permission, occupancy certificate, continued possession, and property tax payments supported bona fide acquisition, so forfeiture could not be sustained against such a holder. Where the record is insufficient as to acquisition and statutory preconditions, the matter requires fresh consideration after giving affected persons an opportunity to respond. Case-Laws Income Tax Fri, 21 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24687