https://www.taxtmi.com/caselaws?id=767649 The HC dismissed the petition challenging the provisional attachment order under the PMLA Act, affirming that the petitioner is already contesting it before the Adjudicating Authority. The Court found no procedural irregularities in the attachment based on the book value at acquisition. Additionally, the HC upheld the constitutional validity of the definition of "value" under Section 2(1)(zb) of the PMLA Act, ruling that it adequately serves the Act's objectives when read with related provisions, and found no merit in the petitioner's request for redrafting. en-us Thu, 20 Feb 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:33:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767649 The HC dismissed the petition challenging the provisional attachment order under the PMLA Act, affirming that the petitioner is already contesting it before the Adjudicating Authority. The Court found no procedural irregularities in the attachment based on the book value at acquisition. Additionally, the HC upheld the constitutional validity of the definition of "value" under Section 2(1)(zb) of the PMLA Act, ruling that it adequately serves the Act's objectives when read with related provisions, and found no merit in the petitioner's request for redrafting. Case-Laws Money Laundering Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767649