https://www.taxtmi.com/caselaws?id=464887 AT upheld the provisional attachment of properties valued at about Rs. 84 crores, holding that where proceeds of crime are laundered or untraceable, properties of equivalent value, even acquired prior to the scheduled offence, may be attached, provided efforts are first made to attach the actual proceeds of crime. It found that the attached property, though in the name of the appellant's spouse, was not independently acquired as she had no means of purchase. Objections regarding limitation of 180 days and evidentiary value of statements under Section 50 of the 2002 Act were rejected. Finding no merit in any contention, AT dismissed the appeals. en-us Tue, 22 Jul 2025 00:00:00 +0530 Mon, 17 Nov 2025 16:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464887 AT upheld the provisional attachment of properties valued at about Rs. 84 crores, holding that where proceeds of crime are laundered or untraceable, properties of equivalent value, even acquired prior to the scheduled offence, may be attached, provided efforts are first made to attach the actual proceeds of crime. It found that the attached property, though in the name of the appellant's spouse, was not independently acquired as she had no means of purchase. Objections regarding limitation of 180 days and evidentiary value of statements under Section 50 of the 2002 Act were rejected. Finding no merit in any contention, AT dismissed the appeals. Case-Laws Money Laundering Tue, 22 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464887