https://www.taxtmi.com/caselaws?id=346612 The Tribunal declared the Enforcement Directorate's provisional attachment of properties already in custody of the Central Bureau of Investigation as illegal and lacking immediate necessity. It emphasized the importance of following proper legal procedures under the Prevention of Money Laundering Act, 2002, and obtaining court permission before attaching properties in court custody. The confirmation of the provisional attachment orders was deemed invalid due to insufficient evidence and lack of independent investigation. The Enforcement Directorate was directed to repay the proceeds to the court's account, and all appeals and pending applications were disposed of with no costs awarded. en-us Thu, 27 Apr 2017 00:00:00 +0530 Sat, 19 Aug 2017 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346612 The Tribunal declared the Enforcement Directorate's provisional attachment of properties already in custody of the Central Bureau of Investigation as illegal and lacking immediate necessity. It emphasized the importance of following proper legal procedures under the Prevention of Money Laundering Act, 2002, and obtaining court permission before attaching properties in court custody. The confirmation of the provisional attachment orders was deemed invalid due to insufficient evidence and lack of independent investigation. The Enforcement Directorate was directed to repay the proceeds to the court's account, and all appeals and pending applications were disposed of with no costs awarded. Case-Laws Money Laundering Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346612