https://www.taxtmi.com/caselaws?id=389919 Property already included in the computation of disproportionate assets cannot be treated as proceeds of crime under the Prevention of Money Laundering Act, 2002 unless it is separately shown to have been derived from criminal activity. The attachment had been based on a disproportionate assets prosecution under the Prevention of Corruption Act, 1988, but the immovable properties were already taken into account while assessing the assets of the respondent's husband. As no independent finding linked those properties to criminal proceeds, the Delhi HC held that they were legitimate assets and not liable to attachment. en-us Wed, 11 Dec 2019 00:00:00 +0530 Wed, 04 Nov 2020 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389919 Property already included in the computation of disproportionate assets cannot be treated as proceeds of crime under the Prevention of Money Laundering Act, 2002 unless it is separately shown to have been derived from criminal activity. The attachment had been based on a disproportionate assets prosecution under the Prevention of Corruption Act, 1988, but the immovable properties were already taken into account while assessing the assets of the respondent's husband. As no independent finding linked those properties to criminal proceeds, the Delhi HC held that they were legitimate assets and not liable to attachment. Case-Laws Money Laundering Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389919