Customs Broker association membership becomes mandatory in the operating jurisdiction, with exclusive membership and limited compliance-time relaxatio...
The AT analyzed the legal status of investments/acquisitions made prior to an alleged criminal period, determining that properties purchased before the specified date may still be subject to enforcement action under money laundering provisions. The tribunal established that properties can be attached if the accused maintained an interest during the proscribed criminal activity, even if acquired earlier. Despite attempts at amicable settlement and potential quashing of specific FIRs, the tribunal rejected the appellant's claims, emphasizing the broader context of multiple pending criminal cases involving serious non-compoundable offences. The attachment under PMLA was upheld, with the tribunal concluding that settlement of limited cases does not negate potential liability for proceeds of crime. Appeal was consequently dismissed.
The AT analyzed the legal status of investments/acquisitions made prior to an alleged criminal period, determining that properties purchased before the specified date may still be subject to enforcement action under money laundering provisions. The tribunal established that properties can be attached if the accused maintained an interest during the proscribed criminal activity, even if acquired earlier. Despite attempts at amicable settlement and potential quashing of specific FIRs, the tribunal rejected the appellant's claims, emphasizing the broader context of multiple pending criminal cases involving serious non-compoundable offences. The attachment under PMLA was upheld, with the tribunal concluding that settlement of limited cases does not negate potential liability for proceeds of crime. Appeal was consequently dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
