https://www.taxtmi.com/caselaws?id=776707 The AT dismissed the appeal, upholding provisional attachment under PMLA. It held the AA had sufficient material (FIRs, ECIR, statements, deeds) to form a reason to believe and issue the SCN; s.8(1) does not mandate written reasons distinct from s.5(1), nor delivery of such reasons prior to attachment. Properties allegedly derived from proceeds (including those acquired before PMLA's commencement) could be attached by applying the "equivalent value" limb where proceeds were siphoned. A single-member bench did not render proceedings coram non-judice. Appeal against ED dismissed. en-us Tue, 12 Aug 2025 00:00:00 +0530 Mon, 18 Aug 2025 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776707 The AT dismissed the appeal, upholding provisional attachment under PMLA. It held the AA had sufficient material (FIRs, ECIR, statements, deeds) to form a reason to believe and issue the SCN; s.8(1) does not mandate written reasons distinct from s.5(1), nor delivery of such reasons prior to attachment. Properties allegedly derived from proceeds (including those acquired before PMLA's commencement) could be attached by applying the "equivalent value" limb where proceeds were siphoned. A single-member bench did not render proceedings coram non-judice. Appeal against ED dismissed. Case-Laws Money Laundering Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776707