https://www.taxtmi.com/caselaws?id=762891 Final discharge in the scheduled offence removed the statutory foundation for treating the attached assets as proceeds of crime under the Prevention of Money-laundering Act, 2002. Because the money-laundering offence under Section 3 depends on property derived from criminal activity relating to a scheduled offence, the Tribunal held that provisional attachment and its confirmation could not survive once the discharge order had attained finality. On that basis, the attachment and confirmation were unsustainable, and the appeal was dismissed. en-us Tue, 29 Oct 2024 00:00:00 +0530 Tue, 10 Dec 2024 08:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762891 Final discharge in the scheduled offence removed the statutory foundation for treating the attached assets as proceeds of crime under the Prevention of Money-laundering Act, 2002. Because the money-laundering offence under Section 3 depends on property derived from criminal activity relating to a scheduled offence, the Tribunal held that provisional attachment and its confirmation could not survive once the discharge order had attained finality. On that basis, the attachment and confirmation were unsustainable, and the appeal was dismissed. Case-Laws Money Laundering Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762891