https://www.taxtmi.com/caselaws?id=752725 Under Section 8(4) of the Prevention of Money Laundering Act, 2002, once an attachment is confirmed under Section 8(3), the authorised officer is empowered to take actual physical possession of the attached property. The court noted that Section 71 gives the Act overriding effect over inconsistent laws, so possession cannot be confined to symbolic or constructive possession merely because rights under other enactments may be affected. The statutory scheme, including the amended provision and possession-taking rules, supports physical possession of attached immovable property, and the contrary direction to restore possession was unsustainable. en-us Mon, 29 Apr 2024 00:00:00 +0530 Thu, 16 May 2024 08:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752725 Under Section 8(4) of the Prevention of Money Laundering Act, 2002, once an attachment is confirmed under Section 8(3), the authorised officer is empowered to take actual physical possession of the attached property. The court noted that Section 71 gives the Act overriding effect over inconsistent laws, so possession cannot be confined to symbolic or constructive possession merely because rights under other enactments may be affected. The statutory scheme, including the amended provision and possession-taking rules, supports physical possession of attached immovable property, and the contrary direction to restore possession was unsustainable. Case-Laws Money Laundering Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752725