https://www.taxtmi.com/caselaws?id=774153 Delhi HC dismissed appeal challenging provisional attachment order under PMLA. Appellant argued properties purchased in 2003 couldn't be proceeds of crime as FIRs were registered only in 2010. Court held that investigation revealed appellant's continuous criminal activities since 1997 generating approximately Rs. 1.5 crores. Income tax analysis showed appellant's declared income of Rs. 2,38,720 since 2000-01 was insufficient to fund investments of Rs. 1.88 lakhs. Court concluded all investments post-1997 were linked to criminal syndicate despite later FIR registration. Appellate Tribunal's finding that attached properties were tainted proceeds of crime was upheld. en-us Wed, 02 Jul 2025 00:00:00 +0530 Fri, 04 Jul 2025 08:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774153 Delhi HC dismissed appeal challenging provisional attachment order under PMLA. Appellant argued properties purchased in 2003 couldn't be proceeds of crime as FIRs were registered only in 2010. Court held that investigation revealed appellant's continuous criminal activities since 1997 generating approximately Rs. 1.5 crores. Income tax analysis showed appellant's declared income of Rs. 2,38,720 since 2000-01 was insufficient to fund investments of Rs. 1.88 lakhs. Court concluded all investments post-1997 were linked to criminal syndicate despite later FIR registration. Appellate Tribunal's finding that attached properties were tainted proceeds of crime was upheld. Case-Laws Money Laundering Wed, 02 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774153