https://www.taxtmi.com/caselaws?id=784766 Whether the appellant was a recipient of "proceeds of crime" so as to justify provisional attachment was the dominant issue. The Tribunal held that salary received from an employer could not be treated as proceeds of crime where the appellant produced an appointment order and other documentary material, and mere oral assertions could not override such evidence; consequently, that limb of alleged tainted receipt failed. It further held that the alleged receipt of a huge amount from another company was unsupported by contemporaneous banking records and was credibly explained as refund on cancellation of a booking, so it could not be treated as proceeds of crime; that allegation failed. It also held that amounts received as advance forfeiture were supported by an agreement and income-tax returns evidencing tax payment, which respondents ignored; that allegation failed. The provisional attachment and its confirmation were set aside and the appeal was allowed. en-us Tue, 18 Nov 2025 00:00:00 +0530 Mon, 12 Jan 2026 09:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784766 Whether the appellant was a recipient of "proceeds of crime" so as to justify provisional attachment was the dominant issue. The Tribunal held that salary received from an employer could not be treated as proceeds of crime where the appellant produced an appointment order and other documentary material, and mere oral assertions could not override such evidence; consequently, that limb of alleged tainted receipt failed. It further held that the alleged receipt of a huge amount from another company was unsupported by contemporaneous banking records and was credibly explained as refund on cancellation of a booking, so it could not be treated as proceeds of crime; that allegation failed. It also held that amounts received as advance forfeiture were supported by an agreement and income-tax returns evidencing tax payment, which respondents ignored; that allegation failed. The provisional attachment and its confirmation were set aside and the appeal was allowed. Case-Laws Money Laundering Tue, 18 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784766