https://www.taxtmi.com/caselaws?id=785933 Attachment under the second limb of the statutory definition of proceeds of crime permits seizure of property acquired before the predicate offence where traceable proceeds are not found; the authority may attach property of equivalent value when proceeds have been siphoned off or cannot be traced. The tribunal relied on precedent endorsing valuesubstitution where direct proceeds are unavailable and applied the principle to uphold a provisional attachment order. Consequently, the challenge to the attachment failed and the appeal was dismissed. en-us Thu, 15 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785933 Attachment under the second limb of the statutory definition of proceeds of crime permits seizure of property acquired before the predicate offence where traceable proceeds are not found; the authority may attach property of equivalent value when proceeds have been siphoned off or cannot be traced. The tribunal relied on precedent endorsing valuesubstitution where direct proceeds are unavailable and applied the principle to uphold a provisional attachment order. Consequently, the challenge to the attachment failed and the appeal was dismissed. Case-Laws Money Laundering Thu, 15 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785933