https://www.taxtmi.com/caselaws?id=788317 Unexplained possession of seized cash and gold was not accepted where the claimed withdrawals and personal savings were unsupported by complete bank records or a convincing explanation for retaining such a large amount at home, so the confirmation of seizure and retention was sustained. The Tribunal also held that the record disclosed a predicate offence under the Arms Act and allied penal provisions, based on material indicating receipt of money for arranging and renewing arms licences in connection with illegal arms trade, and treated the relevant penal statutes as applicable for that purpose. Alleged non-supply of reasons to believe, relied upon documents, and Section 50 statements was rejected because the record showed service with the show-cause notice. No interference was warranted. en-us Wed, 09 Jul 2025 00:00:00 +0530 Fri, 20 Mar 2026 08:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788317 Unexplained possession of seized cash and gold was not accepted where the claimed withdrawals and personal savings were unsupported by complete bank records or a convincing explanation for retaining such a large amount at home, so the confirmation of seizure and retention was sustained. The Tribunal also held that the record disclosed a predicate offence under the Arms Act and allied penal provisions, based on material indicating receipt of money for arranging and renewing arms licences in connection with illegal arms trade, and treated the relevant penal statutes as applicable for that purpose. Alleged non-supply of reasons to believe, relied upon documents, and Section 50 statements was rejected because the record showed service with the show-cause notice. No interference was warranted. Case-Laws Money Laundering Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788317