https://www.taxtmi.com/caselaws?id=346695 An attachment order under the prevention of money laundering regime cannot be sustained where the Adjudicating Authority fails to record a reasoned finding on the principal factual dispute and does not pass a speaking order on the material issues raised. The record showed a specific plea that the attached funds were legitimate monies of M/s Indu Builders and not proceeds of crime, yet the impugned order did not properly address the supporting material or the objection to the show-cause notice. The order was therefore set aside and the matter remanded for fresh adjudication on all issues. en-us Thu, 22 Jun 2017 00:00:00 +0530 Tue, 22 Aug 2017 07:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346695 An attachment order under the prevention of money laundering regime cannot be sustained where the Adjudicating Authority fails to record a reasoned finding on the principal factual dispute and does not pass a speaking order on the material issues raised. The record showed a specific plea that the attached funds were legitimate monies of M/s Indu Builders and not proceeds of crime, yet the impugned order did not properly address the supporting material or the objection to the show-cause notice. The order was therefore set aside and the matter remanded for fresh adjudication on all issues. Case-Laws Money Laundering Thu, 22 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346695