https://www.taxtmi.com/caselaws?id=759858 The Appellate Tribunal SAFEMA dismissed an appeal challenging provisional attachment of assets under money laundering proceedings. The appellant contended that properties should be released as the prosecution complaint was not filed within 90 days of the attachment order dated 19.01.2015. The Tribunal held that the amended limitation period of 90 days commenced from 19.04.2018 when GSR 383(E) came into effect, not from the original attachment date. Since the prosecution complaint was filed on 16.07.2018, within 90 days of the amendment's effective date, the continued attachment was lawful. The Tribunal rejected arguments that the amendment was clarificatory and should apply retrospectively. en-us Mon, 15 Apr 2024 00:00:00 +0530 Wed, 09 Oct 2024 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759858 The Appellate Tribunal SAFEMA dismissed an appeal challenging provisional attachment of assets under money laundering proceedings. The appellant contended that properties should be released as the prosecution complaint was not filed within 90 days of the attachment order dated 19.01.2015. The Tribunal held that the amended limitation period of 90 days commenced from 19.04.2018 when GSR 383(E) came into effect, not from the original attachment date. Since the prosecution complaint was filed on 16.07.2018, within 90 days of the amendment's effective date, the continued attachment was lawful. The Tribunal rejected arguments that the amendment was clarificatory and should apply retrospectively. Case-Laws Money Laundering Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759858