https://www.taxtmi.com/news?id=44431 The challenge alleges the Enforcement Directorate exceeded its PMLA remit by conducting a 60-hour search and seizure at a 100% state-owned instrumentality without a predicate offence involving that entity, noting TASMAC is not an accused in underlying FIRs and, in several matters, is the complainant. The petition asserts the ED failed to demonstrate the mandatory reasons to believe and that its actions amount to a roving and fishing inquiry intruding upon the State's investigative domain, thereby raising federalism and jurisdictional questions. en-us Thu, 22 May 2025 16:01:04 +0530 Thu, 22 May 2025 16:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44431 The challenge alleges the Enforcement Directorate exceeded its PMLA remit by conducting a 60-hour search and seizure at a 100% state-owned instrumentality without a predicate offence involving that entity, noting TASMAC is not an accused in underlying FIRs and, in several matters, is the complainant. The petition asserts the ED failed to demonstrate the mandatory reasons to believe and that its actions amount to a roving and fishing inquiry intruding upon the State's investigative domain, thereby raising federalism and jurisdictional questions. News - Thu, 22 May 2025 16:01:04 +0530 https://www.taxtmi.com/news?id=44431