https://www.taxtmi.com/caselaws?id=759554 The Appellate Tribunal under SAFEMA dismissed an appeal challenging attachment order under Prevention of Money Laundering Act, 2002 regarding acquisition of a marriage hall. Despite opportunities, appellant failed to disclose source of income for Rs. 41,49,807 cash deposits and land purchase. No documents were produced to justify transactions or explain deceased appellant's admission of embezzling Rs. 65 lakhs used for hall construction. Bank account analysis revealed no legitimate source for fund transfers. The tribunal found no grounds to interfere with the Adjudicating Authority's attachment order. en-us Tue, 24 Sep 2024 00:00:00 +0530 Fri, 04 Oct 2024 08:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759554 The Appellate Tribunal under SAFEMA dismissed an appeal challenging attachment order under Prevention of Money Laundering Act, 2002 regarding acquisition of a marriage hall. Despite opportunities, appellant failed to disclose source of income for Rs. 41,49,807 cash deposits and land purchase. No documents were produced to justify transactions or explain deceased appellant's admission of embezzling Rs. 65 lakhs used for hall construction. Bank account analysis revealed no legitimate source for fund transfers. The tribunal found no grounds to interfere with the Adjudicating Authority's attachment order. Case-Laws Money Laundering Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759554