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 allowed the appeal, concluding that the provisional attachment order under the PMLA was unsustainable. Bank statements and corroborative invoices demonstrated that payments received by the respondent from related entities were not proceeds of demonetized currency but legitimate transactions for goods supplied. The alleged conversion of illicit demonetized currency into monetized funds through money laundering was not established. Additionally, the appellant had been previously exonerated in related PBPT Act proceedings by both the Adjudicating Authority and the AT. Consequently, the ED's case failed on the basis that the payments did not originate from demonetized deposits, leading to the quashing of the attachment order.
TaxTMI 