https://www.taxtmi.com/caselaws?id=762581 The Appellate Tribunal under SAFEMA dismissed appeals challenging provisional attachment orders in money laundering cases. In the first matter involving manipulation and forgery in supply of sub-standard materials to DG Family Welfare, the Tribunal held that the appellant failed to prove the legitimate source of property acquisition during the scheduled offence period. The consideration was paid on different dates rather than lumpsum, and the property purchase timing coincided with the alleged offence. The prosecution complaint was timely filed before statutory amendments. In the second matter concerning seizure of Rs. 9.50 lakh, the Tribunal upheld attachment finding the appellant's documentary evidence including unsigned receipts and payment accounts were likely false and fabricated, with no satisfactory explanation provided during seizure from residential premises. en-us Thu, 21 Nov 2024 00:00:00 +0530 Wed, 04 Dec 2024 08:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762581 The Appellate Tribunal under SAFEMA dismissed appeals challenging provisional attachment orders in money laundering cases. In the first matter involving manipulation and forgery in supply of sub-standard materials to DG Family Welfare, the Tribunal held that the appellant failed to prove the legitimate source of property acquisition during the scheduled offence period. The consideration was paid on different dates rather than lumpsum, and the property purchase timing coincided with the alleged offence. The prosecution complaint was timely filed before statutory amendments. In the second matter concerning seizure of Rs. 9.50 lakh, the Tribunal upheld attachment finding the appellant's documentary evidence including unsigned receipts and payment accounts were likely false and fabricated, with no satisfactory explanation provided during seizure from residential premises. Case-Laws Money Laundering Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762581