https://www.taxtmi.com/caselaws?id=305543 Sections 419, 420, 467, 468, 471 and 120B IPC were treated as scheduled offences for Prevention of Money Laundering Act purposes because the 2009 amendment placed those IPC offences in Part A of the Schedule and omitted Part B. The operative effect is that where property is alleged to be derived from criminal activity relating to such scheduled offences, the definition of "proceeds of crime" and the scheduled-offence requirement under the PMLA are satisfied. On that basis, the challenge to the proceedings failed and the quashing petitions were held not maintainable. en-us Tue, 10 Apr 2018 00:00:00 +0530 Sat, 10 Dec 2022 11:15:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305543 Sections 419, 420, 467, 468, 471 and 120B IPC were treated as scheduled offences for Prevention of Money Laundering Act purposes because the 2009 amendment placed those IPC offences in Part A of the Schedule and omitted Part B. The operative effect is that where property is alleged to be derived from criminal activity relating to such scheduled offences, the definition of "proceeds of crime" and the scheduled-offence requirement under the PMLA are satisfied. On that basis, the challenge to the proceedings failed and the quashing petitions were held not maintainable. Case-Laws Money Laundering Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305543