https://www.taxtmi.com/caselaws?id=762580 The Appellate Tribunal under SAFEMA dismissed appeals challenging retention of seized records and digital devices. The case involved offences under Section 120-B with Section 420, 468, 471 IPC and Section 13(2) with Section 13(1)(d) of Prevention of Corruption Act, 1988. The Tribunal held that seized documents were relevant to money laundering charges and properly retained under Section 17(1), which permits continuation of retention beyond 180 days subject to Adjudicating Authority orders. The Tribunal found no violation of provisions regarding seizure and retention, noting that Section 17 allows recovery of money laundering-related documents without requiring possession by accused persons. en-us Tue, 05 Nov 2024 00:00:00 +0530 Wed, 04 Dec 2024 08:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762580 The Appellate Tribunal under SAFEMA dismissed appeals challenging retention of seized records and digital devices. The case involved offences under Section 120-B with Section 420, 468, 471 IPC and Section 13(2) with Section 13(1)(d) of Prevention of Corruption Act, 1988. The Tribunal held that seized documents were relevant to money laundering charges and properly retained under Section 17(1), which permits continuation of retention beyond 180 days subject to Adjudicating Authority orders. The Tribunal found no violation of provisions regarding seizure and retention, noting that Section 17 allows recovery of money laundering-related documents without requiring possession by accused persons. Case-Laws Money Laundering Tue, 05 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762580