https://www.taxtmi.com/caselaws?id=777580 The AT dismissed the appellant's challenge to a provisional attachment under money-laundering law. The Tribunal affirmed that even if proceeds have vanished, properties of equivalent value may be attached. Respondents quantified proceeds at Rs. 6,13,74,440 and found the appellant received Rs. 40,00,000; because that sum was unavailable, a property worth Rs. 16,60,000 acquired during the scheduled offence was provisionally attached. Reliance was placed on higher-court precedent and the definition of "proceeds of crime." en-us Wed, 13 Aug 2025 00:00:00 +0530 Tue, 02 Sep 2025 08:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777580 The AT dismissed the appellant's challenge to a provisional attachment under money-laundering law. The Tribunal affirmed that even if proceeds have vanished, properties of equivalent value may be attached. Respondents quantified proceeds at Rs. 6,13,74,440 and found the appellant received Rs. 40,00,000; because that sum was unavailable, a property worth Rs. 16,60,000 acquired during the scheduled offence was provisionally attached. Reliance was placed on higher-court precedent and the definition of "proceeds of crime." Case-Laws Money Laundering Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777580