https://www.taxtmi.com/caselaws?id=773558 The Appellate Tribunal under SAFEMA set aside provisional attachment orders in a money laundering case involving fraudulent banking transactions. The Tribunal found that authorities erroneously treated legitimate bank loans totaling Rs. 4.08 crores and Rs. 4.98 crores as proceeds of crime, despite the loans being independently obtained for purchasing office units and subsequently repaid with NOCs issued. The appellant's professional fees were properly disclosed in ITR and service tax returns prior to the FIR. The Tribunal concluded that respondents failed to justify property attachment and improperly enlarged the case scope beyond original allegations. Both appeals were allowed. en-us Wed, 18 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773558 The Appellate Tribunal under SAFEMA set aside provisional attachment orders in a money laundering case involving fraudulent banking transactions. The Tribunal found that authorities erroneously treated legitimate bank loans totaling Rs. 4.08 crores and Rs. 4.98 crores as proceeds of crime, despite the loans being independently obtained for purchasing office units and subsequently repaid with NOCs issued. The appellant's professional fees were properly disclosed in ITR and service tax returns prior to the FIR. The Tribunal concluded that respondents failed to justify property attachment and improperly enlarged the case scope beyond original allegations. Both appeals were allowed. Case-Laws Money Laundering Wed, 18 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773558