https://www.taxtmi.com/caselaws?id=464903 AT upheld the provisional attachment under PMLA, including the balance amount of Rs. 94,24,090/- lying with NDMC and the attached immovable properties treated as "value" of proceeds of crime. It held that sufficient material from CBI and Directorate investigations, coupled with the appellant's conviction for a scheduled offence, justified the "reasons to believe" under ss. 5 and 8 PMLA. The Tribunal reiterated that attachment is a protective measure that does not affect ownership or possession. The challenge to the show-cause notice format, including a postscript, was rejected for lack of prejudice. The contention that pre-offence properties could not be attached was also rejected. Appeal dismissed. en-us Thu, 30 Jan 2025 00:00:00 +0530 Fri, 21 Nov 2025 14:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464903 AT upheld the provisional attachment under PMLA, including the balance amount of Rs. 94,24,090/- lying with NDMC and the attached immovable properties treated as "value" of proceeds of crime. It held that sufficient material from CBI and Directorate investigations, coupled with the appellant's conviction for a scheduled offence, justified the "reasons to believe" under ss. 5 and 8 PMLA. The Tribunal reiterated that attachment is a protective measure that does not affect ownership or possession. The challenge to the show-cause notice format, including a postscript, was rejected for lack of prejudice. The contention that pre-offence properties could not be attached was also rejected. Appeal dismissed. Case-Laws Money Laundering Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464903