https://www.taxtmi.com/caselaws?id=373407 The text explains that freezing of bank accounts under the Prevention of Money Laundering Act operates within the statutory scheme of Section 17, which allows freezing where seizure is not practicable, and Section 17(4), which requires a timely application for retention or continuation of freezing. It further notes that Section 20 limits retention of frozen property to 180 days unless the Adjudicating Authority permits extension. The Tribunal treated a fresh application as impermissible after the first Section 17(4) application had already been decided on merits, and said the Adjudicating Authority could not direct refiling once the matter was disposed of. The special statute was therefore to be applied strictly. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 12 Jan 2019 06:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373407 The text explains that freezing of bank accounts under the Prevention of Money Laundering Act operates within the statutory scheme of Section 17, which allows freezing where seizure is not practicable, and Section 17(4), which requires a timely application for retention or continuation of freezing. It further notes that Section 20 limits retention of frozen property to 180 days unless the Adjudicating Authority permits extension. The Tribunal treated a fresh application as impermissible after the first Section 17(4) application had already been decided on merits, and said the Adjudicating Authority could not direct refiling once the matter was disposed of. The special statute was therefore to be applied strictly. Case-Laws Money Laundering Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373407