https://www.taxtmi.com/caselaws?id=771489 The Appellate Tribunal under SAFEMA allowed the appeal filed by the appellant regarding provisional attachment orders under PMLA. The tribunal held that while the attachment was not hit by retrospectivity issues since the PAO was issued after relevant amendments including Prevention of Corruption Act in PMLA Schedule, the attachment of a jointly owned property was vitiated due to procedural non-compliance. The tribunal found that no show cause notice under Section 8(1) was served on the co-owner despite the property being registered in joint names, violating the second proviso requirements. Consequently, the impugned order confirming provisional attachment of the Patel Nagar flat valued at Rs. 4.13 lakhs was set aside. en-us Thu, 22 May 2025 00:00:00 +0530 Tue, 27 May 2025 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771489 The Appellate Tribunal under SAFEMA allowed the appeal filed by the appellant regarding provisional attachment orders under PMLA. The tribunal held that while the attachment was not hit by retrospectivity issues since the PAO was issued after relevant amendments including Prevention of Corruption Act in PMLA Schedule, the attachment of a jointly owned property was vitiated due to procedural non-compliance. The tribunal found that no show cause notice under Section 8(1) was served on the co-owner despite the property being registered in joint names, violating the second proviso requirements. Consequently, the impugned order confirming provisional attachment of the Patel Nagar flat valued at Rs. 4.13 lakhs was set aside. Case-Laws Money Laundering Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771489