https://www.taxtmi.com/caselaws?id=757822 The Appellate Tribunal under SAFEMA dismissed an appeal challenging provisional attachment of bank accounts containing Rs. 1,25,000 and Rs. 1,15,000 belonging to proprietorship concerns. The tribunal found the attachment valid as the appellant received Rs. 2,84,982 traced to VAT refund fraud proceeds of Rs. 74,36,067. The money flowed through multiple entities before reaching appellant's account. The tribunal held that proprietorship concerns lack legal personality, making the proprietor a necessary party. The impugned order confirming the provisional attachment was upheld. en-us Tue, 06 Aug 2024 00:00:00 +0530 Tue, 03 Sep 2024 08:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757822 The Appellate Tribunal under SAFEMA dismissed an appeal challenging provisional attachment of bank accounts containing Rs. 1,25,000 and Rs. 1,15,000 belonging to proprietorship concerns. The tribunal found the attachment valid as the appellant received Rs. 2,84,982 traced to VAT refund fraud proceeds of Rs. 74,36,067. The money flowed through multiple entities before reaching appellant's account. The tribunal held that proprietorship concerns lack legal personality, making the proprietor a necessary party. The impugned order confirming the provisional attachment was upheld. Case-Laws Money Laundering Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757822