https://www.taxtmi.com/caselaws?id=761807 The Appellate Tribunal under SAFEMA set aside an attachment order of immovable properties under PMLA, 2002 due to procedural non-compliance. The Adjudicating Authority failed to provide written reasons to believe along with the notice under Section 8(1) to the appellant. The Tribunal distinguished between Section 5(1) attachments, where reasons need not be served, and Section 8(1) notices, which must include reasons to believe as confirmed by various HC decisions. The matter was remanded for de novo proceedings requiring proper notice with reasons to enable adequate reply opportunity. en-us Tue, 03 Sep 2024 00:00:00 +0530 Sat, 16 Nov 2024 11:05:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761807 The Appellate Tribunal under SAFEMA set aside an attachment order of immovable properties under PMLA, 2002 due to procedural non-compliance. The Adjudicating Authority failed to provide written reasons to believe along with the notice under Section 8(1) to the appellant. The Tribunal distinguished between Section 5(1) attachments, where reasons need not be served, and Section 8(1) notices, which must include reasons to believe as confirmed by various HC decisions. The matter was remanded for de novo proceedings requiring proper notice with reasons to enable adequate reply opportunity. Case-Laws Money Laundering Tue, 03 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761807