https://www.taxtmi.com/caselaws?id=781052 Properties were upheld as attachable where the appellants' claimed lawful sources-agricultural income, unsecured loans, business income and family funds-were not corroborated, and the record showed cash routing through third-party accounts, circular banking entries and unexplained fund flows. The Tribunal held that, under section 2(1)(u) of the PMLA, proceeds of crime include property derived from criminal activity and, where the tainted assets are unavailable, property of equivalent value may be attached even if acquired before the alleged offence period. It also held that money-laundering proceedings are not defeated merely because the charge-sheet changes, absent final discharge, acquittal or quashing of the scheduled offence. en-us Thu, 16 Oct 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781052 Properties were upheld as attachable where the appellants' claimed lawful sources-agricultural income, unsecured loans, business income and family funds-were not corroborated, and the record showed cash routing through third-party accounts, circular banking entries and unexplained fund flows. The Tribunal held that, under section 2(1)(u) of the PMLA, proceeds of crime include property derived from criminal activity and, where the tainted assets are unavailable, property of equivalent value may be attached even if acquired before the alleged offence period. It also held that money-laundering proceedings are not defeated merely because the charge-sheet changes, absent final discharge, acquittal or quashing of the scheduled offence. Case-Laws Money Laundering Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781052