<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>1997 (11) TMI 100 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=40211</link>
    <description>A transfer of property made after SAFEMA notice and forfeiture, and in breach of an undertaking not to alienate, confers no valid title where the transferor&#039;s title had already been extinguished by the forfeiture order. The purchaser cannot rely on bona fide purchase without notice against an earlier forfeiture that operates from the original order once the challenge fails. A later forfeiture of another property bought with related funds does not amount to double forfeiture of the same tainted money, because the proceedings relate to distinct properties and transactions. Section 9 relief by fine in lieu of forfeiture is unavailable where the property has already stood forfeited and the transaction is otherwise ineffective in law.</description>
    <language>en-us</language>
    <pubDate>Wed, 19 Nov 1997 00:00:00 +0530</pubDate>
    <lastBuildDate>Thu, 11 Jan 2018 17:57:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=78753" rel="self" type="application/rss+xml"/>
    <item>
      <title>1997 (11) TMI 100 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=40211</link>
      <description>A transfer of property made after SAFEMA notice and forfeiture, and in breach of an undertaking not to alienate, confers no valid title where the transferor&#039;s title had already been extinguished by the forfeiture order. The purchaser cannot rely on bona fide purchase without notice against an earlier forfeiture that operates from the original order once the challenge fails. A later forfeiture of another property bought with related funds does not amount to double forfeiture of the same tainted money, because the proceedings relate to distinct properties and transactions. Section 9 relief by fine in lieu of forfeiture is unavailable where the property has already stood forfeited and the transaction is otherwise ineffective in law.</description>
      <category>Case-Laws</category>
      <law>FEMA</law>
      <pubDate>Wed, 19 Nov 1997 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=40211</guid>
    </item>
  </channel>
</rss>