https://www.taxtmi.com/caselaws?id=24761 Detention under section 12A of COFEPOSA that is not revoked within the statutory review period brings the person within section 2(2)(b) of SAFEMA, making forfeiture proceedings maintainable. The proviso excluding persons whose detention was revoked within the prescribed time does not apply in that situation. On the merits, an unexplained investment may sustain disallowance where the record does not satisfactorily prove the source of gifts or loans, and a fine under section 9 follows as the statutory consequence of that finding. An admitted written undertaking accepting the unexplained amount further supports the result. en-us Thu, 14 Jul 1988 00:00:00 +0530 Wed, 09 Feb 2011 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24761 Detention under section 12A of COFEPOSA that is not revoked within the statutory review period brings the person within section 2(2)(b) of SAFEMA, making forfeiture proceedings maintainable. The proviso excluding persons whose detention was revoked within the prescribed time does not apply in that situation. On the merits, an unexplained investment may sustain disallowance where the record does not satisfactorily prove the source of gifts or loans, and a fine under section 9 follows as the statutory consequence of that finding. An admitted written undertaking accepting the unexplained amount further supports the result. Case-Laws Income Tax Thu, 14 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24761