TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The AT dismissed the appeals, upholding the ED's provisional attachment orders under PMLA. It held that ED's investigation is confined to the quantum of proceeds of crime and related procedural aspects, without re-examining the predicate offence findings of police/CBI. The retrospective application of PMLA was deemed valid, as attachment procedures existed pre-PMLA under CrPC and other statutes. The ED had sufficient reason to believe appellants possessed proceeds of crime, given evidence of financial fraud and misutilisation of loan funds. Properties of equivalent value were rightly attached despite no direct link to proceeds of crime, applying the extended definition under PMLA. Sham transactions to evade attachment were rejected, with claimants directed to seek relief in trial court. Claims of jewellery as stridhan lacked documentary proof and were reserved for trial court determination. The appeals were dismissed for lack of merit, affirming ED's attachment actions.
TaxTMI 