https://www.taxtmi.com/caselaws?id=778982 The AT dismissed the appeal and upheld provisional attachment of three bank accounts. It found undisputed receipt by a club of Rs. 4.08 crore from a ponzi-like group and that the appellant company received Rs. 3.86 crore from the club across 2010-13, funds later used to pay players. The tribunal held those amounts were proceeds of crime despite intermediary transfers and alternate funding sources, noting the Rs. 3.86 crore had been dissipated. Consequently, freezing of the appellant's accounts (total balance Rs. 1,78,66,958) was sustained. en-us Wed, 24 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778982 The AT dismissed the appeal and upheld provisional attachment of three bank accounts. It found undisputed receipt by a club of Rs. 4.08 crore from a ponzi-like group and that the appellant company received Rs. 3.86 crore from the club across 2010-13, funds later used to pay players. The tribunal held those amounts were proceeds of crime despite intermediary transfers and alternate funding sources, noting the Rs. 3.86 crore had been dissipated. Consequently, freezing of the appellant's accounts (total balance Rs. 1,78,66,958) was sustained. Case-Laws Money Laundering Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778982