Just a moment...

Top
Help
Upgrade to AI Search

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
Quick overview summary answering your query with referencesCategory-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
Detailed report covering:
     -   Overview Summary
     -   Governing Provisions [Acts, Notifications, Circulars]
     -   Relevant Case Laws
     -   Tariff / Classification / HSN
     -   Expert views from TaxTMI
     -   Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Explore AI Search

Powered by Weblekha - Building Scalable Websites

×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Provisional Attachment Upheld Under PMLA for Illegal Assets Beyond Initial Investigation Scope

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The AT upheld the provisional attachment order under the PMLA against the appellants, who were found to have amassed illegal assets beyond their lawful income by misusing official positions and employing front companies for layering proceeds of crime. The tribunal held that the limitation of proceeds of crime to the amount initially investigated or charged by CBI/ED does not preclude further investigation or prosecution of additional illicit assets discovered later. Reliance on the Supreme Court precedent confirmed that the scope of proceeds of crime is not confined to initial calculations but is subject to determination by the PMLA court after full trial proceedings. The appeal was dismissed, with liberty granted to both parties to raise a.........