https://www.taxtmi.com/caselaws?id=783606 Unexplained cash deposits in bank accounts, made in multiple tranches over a short period and inconsistent with known income, were held sufficient to sustain attachment under the Prevention of Money Laundering Act, 2002. The explanation based on marriage gifts, family deposits, savings, medical funds, and demonetisation-related cash was found uncorroborated and internally inconsistent. On those facts, the statutory presumption under Section 24 remained unrebutted, so the finding that the attached assets were involved in money laundering was upheld and the attachment confirmed. en-us Thu, 04 Dec 2025 00:00:00 +0530 Fri, 19 Dec 2025 08:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783606 Unexplained cash deposits in bank accounts, made in multiple tranches over a short period and inconsistent with known income, were held sufficient to sustain attachment under the Prevention of Money Laundering Act, 2002. The explanation based on marriage gifts, family deposits, savings, medical funds, and demonetisation-related cash was found uncorroborated and internally inconsistent. On those facts, the statutory presumption under Section 24 remained unrebutted, so the finding that the attached assets were involved in money laundering was upheld and the attachment confirmed. Case-Laws Money Laundering Thu, 04 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783606