https://www.taxtmi.com/caselaws?id=764978 An admitted commercial renovation contract and instalment-based payments against work progress could not be treated as proceeds of crime where the record did not disclose any prima facie scheduled offence. The Court also found that the allegations, viewed with the correspondence and partial performance, did not show dishonest intention at inception, entrustment, or misappropriation; the dispute remained civil in nature and the criminal process could not be sustained. On that basis, proceedings under the PMLA and the connected criminal prosecution were set aside, and the attachment of properties was cancelled. en-us Tue, 21 Jan 2025 00:00:00 +0530 Sat, 25 Jan 2025 13:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764978 An admitted commercial renovation contract and instalment-based payments against work progress could not be treated as proceeds of crime where the record did not disclose any prima facie scheduled offence. The Court also found that the allegations, viewed with the correspondence and partial performance, did not show dishonest intention at inception, entrustment, or misappropriation; the dispute remained civil in nature and the criminal process could not be sustained. On that basis, proceedings under the PMLA and the connected criminal prosecution were set aside, and the attachment of properties was cancelled. Case-Laws Money Laundering Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764978