2019 (2) TMI 963

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.... Justice N. Sathish Kumar For the Appellant : Mr.N.Satish Sundar For the Respondent : Mr.Su.Srinivasan, Standing Counsel JUDGMENT T.S.SIVAGNANAM, J. This appeal has been filed challenging an interim order granted on 22.11.2018 by the Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS, PEPT, New Delhi-3. The Tribunal directed the appellant to deposit a sum of Rs. 39 lakhs for grant of s....

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....rectorate of Enforcement, by way of second attachment by exercising powers under the provisions of the Prevention of Money Laundering Act, 2002. Hence, it is also submitted that the Tribunal could have considered the undue hardship, to which the appellant is put. According to him, had the income tax returns for the assessment years from 2013-14 to 2018-19 been considered, the Tribunal would not ha....

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....chment over the immovable property of the appellant, which is stated to be worth of Rs. 3 Crores and as to whether the appellant's financial condition precludes from making a predeposit. 6. For such a reason alone, we allow this appeal, set aside the order of the Tribunal and remand the matter to the Tribunal for a fresh consideration. No costs. Consequently, the connected CMP is closed. ....