https://www.taxtmi.com/caselaws?id=383823 The Tribunal partly allowed the appeals, setting aside the attachments with identified deficiencies, emphasizing adherence to legal standards and natural justice principles in attachment proceedings under PMLA. The appellants were directed to furnish indemnity bonds to secure the amounts in question. The Tribunal highlighted issues with PAOs lacking valid reasons, investments not demonstrating quid pro quo, failure to establish proceeds of crime nexus, procedural fairness lapses, and double attachment and valuation discrepancies. The ED was instructed to rectify these issues for fair and accurate attachment proceedings. en-us Fri, 26 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383823 The Tribunal partly allowed the appeals, setting aside the attachments with identified deficiencies, emphasizing adherence to legal standards and natural justice principles in attachment proceedings under PMLA. The appellants were directed to furnish indemnity bonds to secure the amounts in question. The Tribunal highlighted issues with PAOs lacking valid reasons, investments not demonstrating quid pro quo, failure to establish proceeds of crime nexus, procedural fairness lapses, and double attachment and valuation discrepancies. The ED was instructed to rectify these issues for fair and accurate attachment proceedings. Case-Laws Money Laundering Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383823