https://www.taxtmi.com/highlights?id=80377 The case involves a challenge to the attachment of properties alleged to be proceeds of crime. The Adjudicating Authority found that some properties were of equivalent value to the proceeds. The judgment in a related case clarified the definition of "proceeds of crime," including properties of equivalent value. The appellant failed to disclose the property's source and provided vague statements about acquisition. The Adjudicating Authority considered the appellant's income tax return, showing low income. The appeal was dismissed by the Appellate Tribunal due to lack of merit in the grounds raised. en-us Tue, 13 Aug 2024 07:05:23 +0530 Tue, 13 Aug 2024 07:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80377 The case involves a challenge to the attachment of properties alleged to be proceeds of crime. The Adjudicating Authority found that some properties were of equivalent value to the proceeds. The judgment in a related case clarified the definition of "proceeds of crime," including properties of equivalent value. The appellant failed to disclose the property's source and provided vague statements about acquisition. The Adjudicating Authority considered the appellant's income tax return, showing low income. The appeal was dismissed by the Appellate Tribunal due to lack of merit in the grounds raised. Highlights Money Laundering Tue, 13 Aug 2024 07:05:23 +0530 https://www.taxtmi.com/highlights?id=80377