Tribunal Upholds FD Attachment: Deep Shareholding Links Justify Treating Assets as Proceeds of Crime
Case Law Details
Case Name : ILC Iron & Steel Pvt. Ltd. Vs Joint Director (Appellate Tribunal Under SAFEMA Delhi)
Related Assessment Year :
Courts :
Appellate Authority SAFEMA
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
ILC Iron & Steel Pvt. Ltd. Vs Joint Director (Appellate Tribunal Under SAFEMA Delhi)
Tribunal Upholds Attachment: FDs of ILC Iron & Steel Treated as ‘Value of Proceeds of Crime’ Owing to Deep Shareholding Links
The Appellate Tribunal under SAFEMA/PMLA dismissed the appeal filed by ILC Iron & Steel Pvt. Ltd., challenging the attachment of five Fixed Deposits totaling ₹5.34 crore, which the ED had treated as “value of proceeds of crime” arising from a massive illegal-mining scamPlease become a Premium member. If you are already a Premium member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
