https://www.taxtmi.com/caselaws?id=381765 The statutory scheme for search, seizure, freezing and adjudication was treated as a complete code, and continuation of a freezing order had to comply with the prescribed outer time limit and application requirement. Because no timely application for continuation was filed, the freezing of the appellant's own bank accounts was held unsustainable and set aside. The Tribunal also stated that freezing property under the Act requires material showing reason to believe, recorded reasons and compliance with the statutory procedure; mere suspicion is insufficient. Freezing orders concerning the husband's or joint accounts were left undisturbed. en-us Mon, 10 Jun 2019 00:00:00 +0530 Wed, 12 Jun 2019 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381765 The statutory scheme for search, seizure, freezing and adjudication was treated as a complete code, and continuation of a freezing order had to comply with the prescribed outer time limit and application requirement. Because no timely application for continuation was filed, the freezing of the appellant's own bank accounts was held unsustainable and set aside. The Tribunal also stated that freezing property under the Act requires material showing reason to believe, recorded reasons and compliance with the statutory procedure; mere suspicion is insufficient. Freezing orders concerning the husband's or joint accounts were left undisturbed. Case-Laws Money Laundering Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381765