https://www.taxtmi.com/caselaws?id=200871 Summons under the Prevention of Money-Laundering Act could not be interfered with at the threshold merely because the alleged predicate offence under Section 420 IPC was added as a scheduled offence later. The Court treated the timing question as a mixed issue of law and fact and held that the authorities were entitled to examine the materials and determine whether the ingredients of money-laundering were made out, including whether proceeds of crime were projected as untainted property. The plea of retrospective application of a penal provision was not accepted as a basis to stop the investigation, and the challenge to the summons was rejected. en-us Tue, 18 Aug 2015 00:00:00 +0530 Mon, 30 Apr 2018 06:08:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200871 Summons under the Prevention of Money-Laundering Act could not be interfered with at the threshold merely because the alleged predicate offence under Section 420 IPC was added as a scheduled offence later. The Court treated the timing question as a mixed issue of law and fact and held that the authorities were entitled to examine the materials and determine whether the ingredients of money-laundering were made out, including whether proceeds of crime were projected as untainted property. The plea of retrospective application of a penal provision was not accepted as a basis to stop the investigation, and the challenge to the summons was rejected. Case-Laws Money Laundering Tue, 18 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200871