https://www.taxtmi.com/caselaws?id=758535 The Madras HC dismissed a petition challenging a PMLA order. The petitioner had filed an appeal under Section 26 of PMLA before the Appellate Tribunal, which remained pending. The court held that appeals against Section 8(1) PMLA orders must be filed within 45 days to the PMLA Appellate Tribunal. The HC emphasized corruption's detrimental economic effects, noting it reduces investment motivation, diverts development funds, and causes tax revenue loss, significantly impacting national economic growth. All grounds raised by the petitioner failed, resulting in petition dismissal. en-us Fri, 30 Aug 2024 00:00:00 +0530 Sat, 14 Sep 2024 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758535 The Madras HC dismissed a petition challenging a PMLA order. The petitioner had filed an appeal under Section 26 of PMLA before the Appellate Tribunal, which remained pending. The court held that appeals against Section 8(1) PMLA orders must be filed within 45 days to the PMLA Appellate Tribunal. The HC emphasized corruption's detrimental economic effects, noting it reduces investment motivation, diverts development funds, and causes tax revenue loss, significantly impacting national economic growth. All grounds raised by the petitioner failed, resulting in petition dismissal. Case-Laws Money Laundering Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758535