https://www.taxtmi.com/news?id=53175 Challenge to a trial court order declaring an individual a fugitive economic offender under the Prevention of Money Laundering Act disputes whether the designation and related proceedings were supportable before completion of assessment proceedings and whether lawful residence abroad negates fugitive status. The Enforcement Directorate relies on an assessment finding substantial surreptitious acquisition of assets to justify the designation and attendant confiscation powers, while the petitioner argues absence of a completed assessment and lawful foreign residence defeat the basis for the tag; the High Court has reserved judgment. en-us Thu, 21 Aug 2025 16:31:03 +0530 Thu, 21 Aug 2025 16:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53175 Challenge to a trial court order declaring an individual a fugitive economic offender under the Prevention of Money Laundering Act disputes whether the designation and related proceedings were supportable before completion of assessment proceedings and whether lawful residence abroad negates fugitive status. The Enforcement Directorate relies on an assessment finding substantial surreptitious acquisition of assets to justify the designation and attendant confiscation powers, while the petitioner argues absence of a completed assessment and lawful foreign residence defeat the basis for the tag; the High Court has reserved judgment. News - Thu, 21 Aug 2025 16:31:03 +0530 https://www.taxtmi.com/news?id=53175