https://www.taxtmi.com/caselaws?id=377589 The Tribunal allowed the appeal, set aside the retention order, and directed the respondent to return the seized documents to the appellant. The Tribunal emphasized the necessity of complying with statutory obligations under the Prevention of Money Laundering Act, including the requirement of recording and communicating valid "reasons to believe" before initiating proceedings. The respondent's registration of multiple ECIRs was deemed an abuse of process and harassment, leading to the dismissal of the application for document retention. en-us Wed, 27 Mar 2019 00:00:00 +0530 Sun, 31 Mar 2019 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377589 The Tribunal allowed the appeal, set aside the retention order, and directed the respondent to return the seized documents to the appellant. The Tribunal emphasized the necessity of complying with statutory obligations under the Prevention of Money Laundering Act, including the requirement of recording and communicating valid "reasons to believe" before initiating proceedings. The respondent's registration of multiple ECIRs was deemed an abuse of process and harassment, leading to the dismissal of the application for document retention. Case-Laws Money Laundering Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377589