https://www.taxtmi.com/caselaws?id=776679 The AT under SAFEMA at New Delhi allowed the appeal, holding that the payments received by the appellant were not from deposits of demonetized currency but from legitimate transactions corroborated by bank statements and invoices. The transfers between M/s RK International, M/s Virgo International, and M/s RK Emporium reflected genuine goods transactions, despite minor discrepancies in documentation. The appellant was previously exonerated under the PBPT Act by both the Adjudicating Authority and the Tribunal. Consequently, the ED's case for money laundering based on demonetized currency proceeds was dismissed, and the provisional attachment order was set aside. en-us Tue, 29 Jul 2025 00:00:00 +0530 Sat, 16 Aug 2025 10:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776679 The AT under SAFEMA at New Delhi allowed the appeal, holding that the payments received by the appellant were not from deposits of demonetized currency but from legitimate transactions corroborated by bank statements and invoices. The transfers between M/s RK International, M/s Virgo International, and M/s RK Emporium reflected genuine goods transactions, despite minor discrepancies in documentation. The appellant was previously exonerated under the PBPT Act by both the Adjudicating Authority and the Tribunal. Consequently, the ED's case for money laundering based on demonetized currency proceeds was dismissed, and the provisional attachment order was set aside. Case-Laws Money Laundering Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776679