https://www.taxtmi.com/caselaws?id=456513 Gujarat HC quashed PMLA provisional attachment and confirmation orders dated 21.9.2022 and 14.3.2023. The adjudicating authority failed to record independent reasons to believe under Section 8(1) of PMLA and passed orders without application of mind. The authority erroneously confirmed provisional attachment despite a similar case being quashed earlier, ignored petitioner's detailed submissions, and proceeded without proper reasoning to conclude properties were proceeds of crime. The court exercised extraordinary jurisdiction under Article 226 to set aside all consequential actions including complaint and show cause notice. en-us Thu, 24 Aug 2023 00:00:00 +0530 Tue, 30 Jul 2024 20:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456513 Gujarat HC quashed PMLA provisional attachment and confirmation orders dated 21.9.2022 and 14.3.2023. The adjudicating authority failed to record independent reasons to believe under Section 8(1) of PMLA and passed orders without application of mind. The authority erroneously confirmed provisional attachment despite a similar case being quashed earlier, ignored petitioner's detailed submissions, and proceeded without proper reasoning to conclude properties were proceeds of crime. The court exercised extraordinary jurisdiction under Article 226 to set aside all consequential actions including complaint and show cause notice. Case-Laws Companies Law Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456513