https://www.taxtmi.com/caselaws?id=40152 Under the SAFEMA forfeiture scheme, findings recorded in income-tax proceedings are evidentiary only and do not bind the competent authority. The authority may independently assess all relevant material, including notices, replies and other evidence, to decide whether property is illegally acquired. On the facts, the appellant failed to prove a lawful source of funds or reliable income for the property, and the claim of fishing income and savings was rejected as unsupported. The forfeiture order was therefore sustained because the statutory onus was not discharged and the record contained affirmative evidence of unlawful acquisition. en-us Mon, 27 May 1991 00:00:00 +0530 Sat, 19 Jul 2014 09:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40152 Under the SAFEMA forfeiture scheme, findings recorded in income-tax proceedings are evidentiary only and do not bind the competent authority. The authority may independently assess all relevant material, including notices, replies and other evidence, to decide whether property is illegally acquired. On the facts, the appellant failed to prove a lawful source of funds or reliable income for the property, and the claim of fishing income and savings was rejected as unsupported. The forfeiture order was therefore sustained because the statutory onus was not discharged and the record contained affirmative evidence of unlawful acquisition. Case-Laws Income Tax Mon, 27 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40152