https://www.taxtmi.com/caselaws?id=381558 An order confirming provisional attachment under money-laundering law must rest on a clear, reasoned finding that the attached properties are proceeds of crime, reached after considering the material and contentions of both sides. Where the adjudicating authority fails to deal with the appellant's explanation of funds and proceeds on an uncertain or incomplete assessment, the confirmation suffers from lack of application of mind and cannot stand. The appellate tribunal therefore set aside the confirmation order and remanded the matter for fresh adjudication after hearing both parties. en-us Fri, 07 Jun 2019 00:00:00 +0530 Thu, 13 Jun 2019 21:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381558 An order confirming provisional attachment under money-laundering law must rest on a clear, reasoned finding that the attached properties are proceeds of crime, reached after considering the material and contentions of both sides. Where the adjudicating authority fails to deal with the appellant's explanation of funds and proceeds on an uncertain or incomplete assessment, the confirmation suffers from lack of application of mind and cannot stand. The appellate tribunal therefore set aside the confirmation order and remanded the matter for fresh adjudication after hearing both parties. Case-Laws Money Laundering Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381558