Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The AT dismissed the appeal challenging the provisional attachment order under the PMLA, 2002, concerning proceeds of crime from gold smuggling. The appellant was implicated through his admissions under section 50(2) and identified as accused no. 10 in the ED's prosecution complaint. The Tribunal held that attachment of property need not be limited to direct accused but extends to persons who have received proceeds of crime. The appellant's contention that no FIR was registered was rejected, as the offence under section 3 of the PMLA is independent. The attachment of gold valued at approximately Rs. 2 crore was upheld, with the appellant permitted to seek separate remedies if excess gold beyond the attachment value is not released. The appeal was accordingly dismissed, affirming the legality of the provisional attachment.
The AT dismissed the appeal challenging the provisional attachment order under the PMLA, 2002, concerning proceeds of crime from gold smuggling. The appellant was implicated through his admissions under section 50(2) and identified as accused no. 10 in the ED's prosecution complaint. The Tribunal held that attachment of property need not be limited to direct accused but extends to persons who have received proceeds of crime. The appellant's contention that no FIR was registered was rejected, as the offence under section 3 of the PMLA is independent. The attachment of gold valued at approximately Rs. 2 crore was upheld, with the appellant permitted to seek separate remedies if excess gold beyond the attachment value is not released. The appeal was accordingly dismissed, affirming the legality of the provisional attachment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
