https://www.taxtmi.com/caselaws?id=374016 Properties can be attached under the Prevention of Money Laundering Act, 2002 only if they are shown to be derived or obtained, directly or indirectly, from criminal activity relating to a scheduled offence, and the authorised officer has material to form reasons to believe under the attachment provision. On the stated facts, the funds traced to the appellants were treated as clean money from Shapoorji Pallonji, not proved to be proceeds of crime, and the dispute was essentially civil in character. The record did not justify treating all dealings with a person facing a scheduled offence as proceeds of crime, so the provisional attachment was unsustainable. en-us Thu, 17 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374016 Properties can be attached under the Prevention of Money Laundering Act, 2002 only if they are shown to be derived or obtained, directly or indirectly, from criminal activity relating to a scheduled offence, and the authorised officer has material to form reasons to believe under the attachment provision. On the stated facts, the funds traced to the appellants were treated as clean money from Shapoorji Pallonji, not proved to be proceeds of crime, and the dispute was essentially civil in character. The record did not justify treating all dealings with a person facing a scheduled offence as proceeds of crime, so the provisional attachment was unsustainable. Case-Laws Money Laundering Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374016