https://www.taxtmi.com/caselaws?id=361561 Provisional attachment under PMLA was held unsustainable where the scheduled offence ended in acquittal on merits and that acquittal attained finality, because the foundation for treating the properties as involved in money laundering no longer survived on the facts. The Tribunal also found that the attachment order did not fairly consider the appellants' material and explanations. Although the amendment to section 8(3)(b) was treated as prospective, relief was granted in any event because the predicate offence had been finally concluded in favour of the accused. The attachment and confirmation order were set aside and the properties directed to be released. en-us Wed, 06 Jun 2018 00:00:00 +0530 Sat, 09 Jun 2018 07:54:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361561 Provisional attachment under PMLA was held unsustainable where the scheduled offence ended in acquittal on merits and that acquittal attained finality, because the foundation for treating the properties as involved in money laundering no longer survived on the facts. The Tribunal also found that the attachment order did not fairly consider the appellants' material and explanations. Although the amendment to section 8(3)(b) was treated as prospective, relief was granted in any event because the predicate offence had been finally concluded in favour of the accused. The attachment and confirmation order were set aside and the properties directed to be released. Case-Laws Money Laundering Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361561