https://www.taxtmi.com/caselaws?id=768271 The Appellate Tribunal under SAFEMA dismissed an appeal challenging provisional attachment of property under money laundering charges. The Tribunal held that the 180-day confirmation period excludes Covid-19 affected duration (15.03.2020 to 28.02.2022) per SC order, making the 190-day confirmation valid. Property attachment under PMLA applies to any person possessing proceeds of crime, not just accused individuals. The appellant failed to prove legitimate source for Rs. 14,00,000 payment, with evidence showing money laundering through layering of tainted funds via the appellant's account from the main accused. en-us Tue, 04 Mar 2025 00:00:00 +0530 Thu, 03 Apr 2025 12:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768271 The Appellate Tribunal under SAFEMA dismissed an appeal challenging provisional attachment of property under money laundering charges. The Tribunal held that the 180-day confirmation period excludes Covid-19 affected duration (15.03.2020 to 28.02.2022) per SC order, making the 190-day confirmation valid. Property attachment under PMLA applies to any person possessing proceeds of crime, not just accused individuals. The appellant failed to prove legitimate source for Rs. 14,00,000 payment, with evidence showing money laundering through layering of tainted funds via the appellant's account from the main accused. Case-Laws Money Laundering Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768271