https://www.taxtmi.com/caselaws?id=782241 AT at New Delhi upheld the provisional attachment of properties under PMLA. It held that the appellant failed to establish legitimate sources for the consideration used to acquire the attached property and could not correlate bank entries with the purchase payments. Unexplained deposits labeled "TRF" and "Cash" in the relevant account remained unjustified, and neither the full consideration nor the source of partial payments was proved. The AT found that the authority had properly recorded "reason to believe" under Section 5(1), based on detailed analysis of the scheduled offence, bank transactions, and property ownership. The appeal was dismissed. en-us Tue, 25 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782241 AT at New Delhi upheld the provisional attachment of properties under PMLA. It held that the appellant failed to establish legitimate sources for the consideration used to acquire the attached property and could not correlate bank entries with the purchase payments. Unexplained deposits labeled "TRF" and "Cash" in the relevant account remained unjustified, and neither the full consideration nor the source of partial payments was proved. The AT found that the authority had properly recorded "reason to believe" under Section 5(1), based on detailed analysis of the scheduled offence, bank transactions, and property ownership. The appeal was dismissed. Case-Laws Money Laundering Tue, 25 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782241