https://www.taxtmi.com/caselaws?id=432895 The court found the search and seizure conducted on 17.10.2022 to be illegal as it did not comply with Section 17 of the Prevention of Money Laundering Act (PMLA). The search warrant was issued without proper recording of 'reasons to believe,' violating statutory provisions. Consequently, the court set aside the search and seizure, ordering the release of all seized items. The writ petition was deemed maintainable under Article 226 due to procedural irregularities. The respondents were given the opportunity to take necessary actions in accordance with the law. en-us Wed, 11 Jan 2023 00:00:00 +0530 Tue, 17 Jan 2023 06:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432895 The court found the search and seizure conducted on 17.10.2022 to be illegal as it did not comply with Section 17 of the Prevention of Money Laundering Act (PMLA). The search warrant was issued without proper recording of 'reasons to believe,' violating statutory provisions. Consequently, the court set aside the search and seizure, ordering the release of all seized items. The writ petition was deemed maintainable under Article 226 due to procedural irregularities. The respondents were given the opportunity to take necessary actions in accordance with the law. Case-Laws Money Laundering Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432895