https://www.taxtmi.com/caselaws?id=383264 The Tribunal allowed the appeal, ruling that selling a property below the Guideline Value/Circle Rate, mostly funded by banks, does not constitute money laundering. The appellant was directed to provide an alternate property to secure the claimed proceeds of crime. The Tribunal emphasized the power of review under Section 35(2)(f) of the PMLA and stated that the grounds for review were not met, leading to the dismissal of the review petition without costs. en-us Thu, 18 Jul 2019 00:00:00 +0530 Sat, 20 Jul 2019 07:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383264 The Tribunal allowed the appeal, ruling that selling a property below the Guideline Value/Circle Rate, mostly funded by banks, does not constitute money laundering. The appellant was directed to provide an alternate property to secure the claimed proceeds of crime. The Tribunal emphasized the power of review under Section 35(2)(f) of the PMLA and stated that the grounds for review were not met, leading to the dismissal of the review petition without costs. Case-Laws Money Laundering Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383264