https://www.taxtmi.com/caselaws?id=751505 The Appellate Tribunal under SAFEMA upheld the provisional attachment order against the appellant in a money laundering case. The appellant received payments through three non-existing companies during demonetization, claiming these were for cloth supplies to a third party. The Tribunal found the transactions suspicious as payments came from firms to whom no supplies were made, without proper written arrangements. Despite the appellant producing invoices showing cloth supply, the Tribunal held that the appellant knowingly received proceeds of crime through these dubious channels. The appeal was dismissed, confirming the attachment order as legally valid. en-us Tue, 12 Mar 2024 00:00:00 +0530 Wed, 17 Apr 2024 22:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751505 The Appellate Tribunal under SAFEMA upheld the provisional attachment order against the appellant in a money laundering case. The appellant received payments through three non-existing companies during demonetization, claiming these were for cloth supplies to a third party. The Tribunal found the transactions suspicious as payments came from firms to whom no supplies were made, without proper written arrangements. Despite the appellant producing invoices showing cloth supply, the Tribunal held that the appellant knowingly received proceeds of crime through these dubious channels. The appeal was dismissed, confirming the attachment order as legally valid. Case-Laws Money Laundering Tue, 12 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751505