https://www.taxtmi.com/caselaws?id=198724 The Tribunal upheld the imposition of fines for each unreported transaction under the Prevention of Money Laundering Act but reduced the total fine to Rs. 2,44,70,000 after correcting the number of reportable transactions. The appeal was partly allowed, directing the appellant to pay the reduced fine within four weeks. The application for a stay on fine recovery was dismissed, and the stay order was vacated, with parties bearing their own costs. en-us Thu, 09 Jul 2015 00:00:00 +0530 Thu, 08 Feb 2018 07:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198724 The Tribunal upheld the imposition of fines for each unreported transaction under the Prevention of Money Laundering Act but reduced the total fine to Rs. 2,44,70,000 after correcting the number of reportable transactions. The appeal was partly allowed, directing the appellant to pay the reduced fine within four weeks. The application for a stay on fine recovery was dismissed, and the stay order was vacated, with parties bearing their own costs. Case-Laws Money Laundering Thu, 09 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198724