https://www.taxtmi.com/caselaws?id=768336 The Appellate Tribunal under SAFEMA set aside the Adjudicating Authority's provisional attachment order under PMLA Section 8(1) for failure to supply reasons to believe with the notice. The Tribunal held that while Section 8(1) does not require recording reasons before issuing notice, the authority must have reasons to believe the person committed an offense or possesses proceeds of crime. Following Delhi HC precedent in J. Sekar case, the matter was remanded to the Adjudicating Authority to proceed afresh after supplying reasons to believe for causing the notice. Appeal disposed. en-us Thu, 06 Mar 2025 00:00:00 +0530 Sat, 05 Apr 2025 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768336 The Appellate Tribunal under SAFEMA set aside the Adjudicating Authority's provisional attachment order under PMLA Section 8(1) for failure to supply reasons to believe with the notice. The Tribunal held that while Section 8(1) does not require recording reasons before issuing notice, the authority must have reasons to believe the person committed an offense or possesses proceeds of crime. Following Delhi HC precedent in J. Sekar case, the matter was remanded to the Adjudicating Authority to proceed afresh after supplying reasons to believe for causing the notice. Appeal disposed. Case-Laws Money Laundering Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768336