https://www.taxtmi.com/caselaws?id=369966 The tribunal ruled in favor of the appellant, a non-resident Indian, in a case involving the validity of an attachment order for Apartment No. 9A in Kingfisher Towers. The appellant successfully argued that he had purchased the property through legal means and had no involvement in money laundering activities. The tribunal found that the Enforcement Directorate had failed to establish that the appellant's funds were proceeds of crime and had not complied with mandatory statutory requirements. As a result, the attachment order was set aside, and the provisional attachment was quashed, with the tribunal clarifying that its decision only pertained to the attachment order and did not affect other legal proceedings. en-us Thu, 01 Nov 2018 00:00:00 +0530 Tue, 06 Nov 2018 07:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369966 The tribunal ruled in favor of the appellant, a non-resident Indian, in a case involving the validity of an attachment order for Apartment No. 9A in Kingfisher Towers. The appellant successfully argued that he had purchased the property through legal means and had no involvement in money laundering activities. The tribunal found that the Enforcement Directorate had failed to establish that the appellant's funds were proceeds of crime and had not complied with mandatory statutory requirements. As a result, the attachment order was set aside, and the provisional attachment was quashed, with the tribunal clarifying that its decision only pertained to the attachment order and did not affect other legal proceedings. Case-Laws Money Laundering Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369966