https://www.taxtmi.com/caselaws?id=458085 Wilful tax evasion relating to undisclosed foreign income and assets under the Black Money Act, 2015 was treated as a scheduled offence under the PMLA in its own right, without needing proof of cross-border implications under the general Part C definition. Provisional attachment under section 5(1) was held sustainable on recorded reasons and material in hand under the second proviso, even without a prior prosecution complaint or report, where immediate action was needed to prevent frustration of proceedings. The pre-existing origin of foreign assets did not bar action, because the operative focus remained the continuing non-disclosure after commencement of the Act. en-us Wed, 05 Jul 2023 00:00:00 +0530 Tue, 08 Oct 2024 07:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458085 Wilful tax evasion relating to undisclosed foreign income and assets under the Black Money Act, 2015 was treated as a scheduled offence under the PMLA in its own right, without needing proof of cross-border implications under the general Part C definition. Provisional attachment under section 5(1) was held sustainable on recorded reasons and material in hand under the second proviso, even without a prior prosecution complaint or report, where immediate action was needed to prevent frustration of proceedings. The pre-existing origin of foreign assets did not bar action, because the operative focus remained the continuing non-disclosure after commencement of the Act. Case-Laws Money Laundering Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458085