https://www.taxtmi.com/caselaws?id=383883 Attachment under the money-laundering regime must rest on a sustainable nexus to identifiable proceeds of crime, and the Tribunal found the mining-lease record did not justify treating all impugned amounts as tainted at the attachment stage. It also held that where the same value had already been attached in one entity's hands, repeated attachment through downstream entities would amount to impermissible double or triple attachment. Share application money and ordinary salary receipts could not, on the material before it, be treated as proceeds of crime merely because of group-company links or beneficial ownership claims. The common order was therefore substantially modified, with only limited security retained and the remaining attachments released. en-us Fri, 26 Jul 2019 00:00:00 +0530 Thu, 01 Aug 2019 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383883 Attachment under the money-laundering regime must rest on a sustainable nexus to identifiable proceeds of crime, and the Tribunal found the mining-lease record did not justify treating all impugned amounts as tainted at the attachment stage. It also held that where the same value had already been attached in one entity's hands, repeated attachment through downstream entities would amount to impermissible double or triple attachment. Share application money and ordinary salary receipts could not, on the material before it, be treated as proceeds of crime merely because of group-company links or beneficial ownership claims. The common order was therefore substantially modified, with only limited security retained and the remaining attachments released. Case-Laws Money Laundering Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383883