https://www.taxtmi.com/caselaws?id=368363 The Tribunal allowed the substitution of the attached property with an alternative property valued at Rs. 119 crores. This decision was made under Section 35(1) of PMLA to prevent hardship to innocent third-party buyers and secured creditors. The ED was directed to release the originally attached property and accept the alternative property due to lack of proceeds of crime involvement. Compliance with mandatory provisions under Section 5(1) of PMLA was emphasized. en-us Tue, 25 Sep 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:28:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368363 The Tribunal allowed the substitution of the attached property with an alternative property valued at Rs. 119 crores. This decision was made under Section 35(1) of PMLA to prevent hardship to innocent third-party buyers and secured creditors. The ED was directed to release the originally attached property and accept the alternative property due to lack of proceeds of crime involvement. Compliance with mandatory provisions under Section 5(1) of PMLA was emphasized. Case-Laws Money Laundering Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368363