https://www.taxtmi.com/caselaws?id=425322 The Court rejected the deferral of proceedings, proceeded with the writ petitions, and concluded that the allocation of coal did not constitute proceeds of crime. The quashing of the first chargesheet invalidated the basis for attachment, leading to the quashing of impugned proceedings. The Court clarified the interpretation of money laundering as a standalone offense dependent on the predicate offense and reaffirmed principles on the confiscation of assets derived from criminal activity. The writ petitions were allowed, and the impugned proceedings were quashed. en-us Tue, 19 Jul 2022 00:00:00 +0530 Wed, 20 Jul 2022 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425322 The Court rejected the deferral of proceedings, proceeded with the writ petitions, and concluded that the allocation of coal did not constitute proceeds of crime. The quashing of the first chargesheet invalidated the basis for attachment, leading to the quashing of impugned proceedings. The Court clarified the interpretation of money laundering as a standalone offense dependent on the predicate offense and reaffirmed principles on the confiscation of assets derived from criminal activity. The writ petitions were allowed, and the impugned proceedings were quashed. Case-Laws Money Laundering Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425322