https://www.taxtmi.com/caselaws?id=194240 A transferee who acquires property in good faith for valuable consideration, supported by documented transactions and without nexus to the scheduled offence, cannot have that property treated as proceeds of crime under the Prevention of Money Laundering Act, 2002. The record showed a housing loan, income documents, title search papers and non-encumbrance records, while the original owner's prior transfer documents also supported possession and transfer before the appellant's purchase. In the absence of material showing collusion or prior knowledge of criminality, the property was not liable to attachment or confiscation, and the attachment was set aside. en-us Tue, 03 Nov 2015 00:00:00 +0530 Sat, 30 Dec 2017 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194240 A transferee who acquires property in good faith for valuable consideration, supported by documented transactions and without nexus to the scheduled offence, cannot have that property treated as proceeds of crime under the Prevention of Money Laundering Act, 2002. The record showed a housing loan, income documents, title search papers and non-encumbrance records, while the original owner's prior transfer documents also supported possession and transfer before the appellant's purchase. In the absence of material showing collusion or prior knowledge of criminality, the property was not liable to attachment or confiscation, and the attachment was set aside. Case-Laws Money Laundering Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194240