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    Aggregated TNMM benchmarking upheld where interlinked international transactions were tested together and no substantial question of law arose.
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      Money Laundering

      Sections 223 to 228 of the BNSS were held applicable to PMLA...

      BNSS hearing before cognizance applies to PMLA complaints; absence of accused hearing vitiates the cognizance order.

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      Money LaunderingMay 22, 2026Case LawsSC
      Sections 223 to 228 of the BNSS were held applicable to PMLA complaints before the Special Court, because Sections 46 and 65 of the PMLA permit CrPC/BNSS procedure unless expressly excluded or inconsistent, and no such inconsistency was found. The Court held that an inquiry under the savings clause requires a judicial act applying mind, so merely filing or numbering a complaint does not save pre-BNSS procedure. The first proviso to Section 223(1) gives the accused a mandatory right to be heard before cognizance; taking cognizance after the BNSS commenced without that hearing was an illegality that vitiated the order. The impugned cognizance order was set aside and the matter was remitted for fresh consideration after hearing the accused.

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      ActsIncome Tax