https://www.taxtmi.com/caselaws?id=774284 The Appellate Tribunal under SAFEMA dismissed the appeal challenging property attachment under money laundering provisions. Appellants failed to adequately explain the funding sources for property purchase, including a Rs. 30 lakh PNB loan and Rs. 7 lakh from an individual lender. The Tribunal found insufficient documentary evidence for cash transactions, unexplained margin money deposits, and suspicious cash deposits preceding EMI payments. The Tribunal rejected the argument that property cannot be attached without charges against the co-appellant, citing precedent that proceeds of crime can be attached regardless of individual charges. The provisional attachment order was upheld. en-us Tue, 01 Jul 2025 00:00:00 +0530 Mon, 07 Jul 2025 08:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774284 The Appellate Tribunal under SAFEMA dismissed the appeal challenging property attachment under money laundering provisions. Appellants failed to adequately explain the funding sources for property purchase, including a Rs. 30 lakh PNB loan and Rs. 7 lakh from an individual lender. The Tribunal found insufficient documentary evidence for cash transactions, unexplained margin money deposits, and suspicious cash deposits preceding EMI payments. The Tribunal rejected the argument that property cannot be attached without charges against the co-appellant, citing precedent that proceeds of crime can be attached regardless of individual charges. The provisional attachment order was upheld. Case-Laws Money Laundering Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774284