https://www.taxtmi.com/caselaws?id=780280 An allocation letter granting a valuable right to seek a mining lease can qualify as property under the Prevention of Money Laundering Act, 2002. Where such allocation is obtained by misrepresentation or suppression of material facts, the resulting gains and benefits may constitute proceeds of crime, and the offence of money-laundering may be attracted because the offence is continuing in nature. The Act also permits provisional attachment of the value of property where the tainted asset has been used or its value represents the benefit derived. The statutory scheme was not confined to the pre-allocation stage, and the writ challenge was treated as maintainable. en-us Fri, 17 Oct 2025 00:00:00 +0530 Tue, 28 Oct 2025 08:33:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780280 An allocation letter granting a valuable right to seek a mining lease can qualify as property under the Prevention of Money Laundering Act, 2002. Where such allocation is obtained by misrepresentation or suppression of material facts, the resulting gains and benefits may constitute proceeds of crime, and the offence of money-laundering may be attracted because the offence is continuing in nature. The Act also permits provisional attachment of the value of property where the tainted asset has been used or its value represents the benefit derived. The statutory scheme was not confined to the pre-allocation stage, and the writ challenge was treated as maintainable. Case-Laws Money Laundering Fri, 17 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780280