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FEMA - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Forfeiture of property - Joint ownership being wives - If the ...


Authorities Can Start Forfeiture If Suspected Illegal Income Used for Property, Even Jointly Owned by Spouses.

March 7, 2014

Case Laws     FEMA     HC

Forfeiture of property - Joint ownership being wives - If the competent authority has reasons to believe that the properties under dispute were acquired out of illegal sources of income such satisfaction is enough to call upon the concerned person to show cause. - HC

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