https://www.taxtmi.com/caselaws?id=346697 The tribunal set aside the confirmation of the Provisional Attachment Order (PAO) due to the failure to comply with mandatory notice requirements under Section 8 of PMLA. It ruled that the sale deed executed before the PAO was valid, and the property was not considered proceeds of crime. Recognizing the appellant as a bona fide purchaser, it emphasized that authorities cannot attach properties acquired legitimately. The impugned order was overturned, and the case was remanded for re-hearing, allowing the appellant to present their case. The appeal was successful, with no costs imposed. en-us Thu, 03 Aug 2017 00:00:00 +0530 Tue, 22 Aug 2017 07:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346697 The tribunal set aside the confirmation of the Provisional Attachment Order (PAO) due to the failure to comply with mandatory notice requirements under Section 8 of PMLA. It ruled that the sale deed executed before the PAO was valid, and the property was not considered proceeds of crime. Recognizing the appellant as a bona fide purchaser, it emphasized that authorities cannot attach properties acquired legitimately. The impugned order was overturned, and the case was remanded for re-hearing, allowing the appellant to present their case. The appeal was successful, with no costs imposed. Case-Laws Money Laundering Thu, 03 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346697