https://www.taxtmi.com/caselaws?id=773159 The AT dismissed the appeal challenging ED's retention of seized gold and jewelry linked to money laundering during demonetization. The appellant allegedly facilitated conversion of demonetized currency notes into gold through accommodation entries via front companies' bank accounts. The tribunal held that absence of police charge sheet does not entitle relief until closure report acceptance. The retention order under PMLA was deemed lawful as seized gold constituted prima facie proceeds of crime. The tribunal ruled procedural delays don't invalidate retention orders and appellant must prove innocence during criminal trial. Relief granted only upon potential acquittal from Special Judge PMLA Court. en-us Mon, 17 Mar 2025 00:00:00 +0530 Thu, 19 Jun 2025 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773159 The AT dismissed the appeal challenging ED's retention of seized gold and jewelry linked to money laundering during demonetization. The appellant allegedly facilitated conversion of demonetized currency notes into gold through accommodation entries via front companies' bank accounts. The tribunal held that absence of police charge sheet does not entitle relief until closure report acceptance. The retention order under PMLA was deemed lawful as seized gold constituted prima facie proceeds of crime. The tribunal ruled procedural delays don't invalidate retention orders and appellant must prove innocence during criminal trial. Relief granted only upon potential acquittal from Special Judge PMLA Court. Case-Laws Money Laundering Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773159