https://www.taxtmi.com/caselaws?id=197149 Cash recovered from the appellant's residence was examined under the Prevention of Money Laundering Act to determine whether it was untainted property. The appellant's explanation that the money came from salary withdrawals was found inconsistent, as the account record showed earlier withdrawal of funds but his versions shifted on where the cash was kept, whether it was returned in instalments, and whether it was gifted to relatives. The Tribunal noted the absence of a satisfactory account of household expenses despite substantial salary credits and relied on surrounding material indicating a prima facie link to alleged proceeds of crime. The explanation was rejected as an afterthought, and confirmation of the provisional attachment was upheld. en-us Mon, 25 Jan 2016 00:00:00 +0530 Thu, 28 Dec 2017 18:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197149 Cash recovered from the appellant's residence was examined under the Prevention of Money Laundering Act to determine whether it was untainted property. The appellant's explanation that the money came from salary withdrawals was found inconsistent, as the account record showed earlier withdrawal of funds but his versions shifted on where the cash was kept, whether it was returned in instalments, and whether it was gifted to relatives. The Tribunal noted the absence of a satisfactory account of household expenses despite substantial salary credits and relied on surrounding material indicating a prima facie link to alleged proceeds of crime. The explanation was rejected as an afterthought, and confirmation of the provisional attachment was upheld. Case-Laws Money Laundering Mon, 25 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197149