AHR & Co. successfully pleaded a money laundering matter before the IHC and got a landmark judgment, a first in Pakistan. Money Laundering Act is not attracted to cases of non-declaration of assets. FIR, SCNs and subsequent proceedings of attachment of bank accounts and properties of the taxpayer were quashed by the IHC.
All the taxpayers against whom Money Laundering cases for evasion of Tax on the basis of non-declartion of assets are pending all over Pakistan will also benefit from this judgment.
