https://www.taxtmi.com/caselaws?id=776884 AT upheld the provisional attachment of the immovable property as proceeds of crime, finding sufficient material and reasons to believe under s.5(1) PMLA and noting prior statements and investigation records. The Tribunal rejected the appellant's contention that diversion of loan funds domestically was infeasible, observing exporters had failed to realize export proceeds and loans were used for personal gains including purchase of the attached property. The adjudicating authority's process was endorsed, and the application to reduce occupation/user charges was dismissed for lack of supporting market-rent evidence. en-us Tue, 19 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776884 AT upheld the provisional attachment of the immovable property as proceeds of crime, finding sufficient material and reasons to believe under s.5(1) PMLA and noting prior statements and investigation records. The Tribunal rejected the appellant's contention that diversion of loan funds domestically was infeasible, observing exporters had failed to realize export proceeds and loans were used for personal gains including purchase of the attached property. The adjudicating authority's process was endorsed, and the application to reduce occupation/user charges was dismissed for lack of supporting market-rent evidence. Case-Laws Money Laundering Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776884