https://www.taxtmi.com/caselaws?id=459789 The Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS, PBPT Act set aside provisional attachment orders under the Prohibition of Benami Property Transactions Act. The tribunal found that appellants were merely carriers of money for disbursal, not involved in benami transactions. The investigating officer failed to apply mind properly, issuing mechanical notices without adequate reasoning. Authorities could not prove existence of benami transactions, as mere cash transfer to defeat demonetization was insufficient evidence. The tribunal emphasized that criminal liability requires careful consideration and proper burden of proof. Attached properties were ordered released immediately, and appeals were disposed of favorably. en-us Wed, 17 Oct 2018 00:00:00 +0530 Fri, 27 Dec 2024 12:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459789 The Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS, PBPT Act set aside provisional attachment orders under the Prohibition of Benami Property Transactions Act. The tribunal found that appellants were merely carriers of money for disbursal, not involved in benami transactions. The investigating officer failed to apply mind properly, issuing mechanical notices without adequate reasoning. Authorities could not prove existence of benami transactions, as mere cash transfer to defeat demonetization was insufficient evidence. The tribunal emphasized that criminal liability requires careful consideration and proper burden of proof. Attached properties were ordered released immediately, and appeals were disposed of favorably. Case-Laws Benami Property Wed, 17 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459789