https://www.taxtmi.com/caselaws?id=780090 The AT dismissed the appeal, upholding the provisional attachment under PMLA. The tribunal found Rs. 8 crore received by the appellant constituted proceeds of crime, not shown to be repaid to investors with credible evidence; receipts and subsequent documents were unreliable. A claimed Rs. 2,12,76,710 in expenditures could not be proved from independent sources and did not offset the proceeds. The appellant failed to substantiate the asserted property value, so attachment was confined to the extent of proceeds in the appellant's hands. No interference with the impugned order. en-us Mon, 01 Sep 2025 00:00:00 +0530 Sat, 18 Oct 2025 09:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780090 The AT dismissed the appeal, upholding the provisional attachment under PMLA. The tribunal found Rs. 8 crore received by the appellant constituted proceeds of crime, not shown to be repaid to investors with credible evidence; receipts and subsequent documents were unreliable. A claimed Rs. 2,12,76,710 in expenditures could not be proved from independent sources and did not offset the proceeds. The appellant failed to substantiate the asserted property value, so attachment was confined to the extent of proceeds in the appellant's hands. No interference with the impugned order. Case-Laws Money Laundering Mon, 01 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780090