https://www.taxtmi.com/caselaws?id=771828 The Appellate Tribunal under SAFEMA set aside the provisional attachment order and its confirmation in a money laundering case. The appellant received shares from her mother in 2007, sold them in 2009 for Rs. 18.87 crores, and used proceeds to purchase property in 2015. The Tribunal found that ED failed to establish the property as proceeds of crime, noting the appellant disclosed legitimate sources for acquisition. The property belonged to separate companies per registered deeds, not to the accused entity as claimed. The Tribunal ruled against double attachment and found no nexus between the attached properties and scheduled offences, allowing the appeal. en-us Mon, 10 Mar 2025 00:00:00 +0530 Sat, 31 May 2025 08:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771828 The Appellate Tribunal under SAFEMA set aside the provisional attachment order and its confirmation in a money laundering case. The appellant received shares from her mother in 2007, sold them in 2009 for Rs. 18.87 crores, and used proceeds to purchase property in 2015. The Tribunal found that ED failed to establish the property as proceeds of crime, noting the appellant disclosed legitimate sources for acquisition. The property belonged to separate companies per registered deeds, not to the accused entity as claimed. The Tribunal ruled against double attachment and found no nexus between the attached properties and scheduled offences, allowing the appeal. Case-Laws Money Laundering Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771828