https://www.taxtmi.com/caselaws?id=195442 Money-laundering liability under the Prevention of Money Laundering Act, 2002 could not be applied to transactions that occurred before the predicate offences were included in the Schedule, because penal liability cannot operate retrospectively; the retrospective invocation against the petitioner was therefore unsustainable. Provisional attachment also failed because the underlying criminal proceedings had been closed or quashed, the petitioner was not charged in the related case, the properties were shown in income-tax returns, and no legally admissible evidence linked them to proceeds of crime; the attachment orders were consequently set aside and release of the properties directed. en-us Thu, 09 Apr 2015 00:00:00 +0530 Tue, 31 Oct 2017 10:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195442 Money-laundering liability under the Prevention of Money Laundering Act, 2002 could not be applied to transactions that occurred before the predicate offences were included in the Schedule, because penal liability cannot operate retrospectively; the retrospective invocation against the petitioner was therefore unsustainable. Provisional attachment also failed because the underlying criminal proceedings had been closed or quashed, the petitioner was not charged in the related case, the properties were shown in income-tax returns, and no legally admissible evidence linked them to proceeds of crime; the attachment orders were consequently set aside and release of the properties directed. Case-Laws Money Laundering Thu, 09 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195442