https://www.taxtmi.com/caselaws?id=786240 The definition of "proceeds of crime" under the PMLA covers property equivalent in value to assets obtained from scheduled offences, permitting attachment where direct proceeds are unavailable. Where an appeal under the statutory appellate remedy is pending, the Special Court should defer deciding a Section 8(7) confirmation application because the confirmation must be final; the Special Court's allowance of such an application was set aside and the appeal restored. Confiscation vests absolute ownership in the Central Government on law's operation. The applicant's claim under Section 8(8) failed for lack of demonstrated quantifiable loss and was not maintainable. en-us Fri, 06 Feb 2026 00:00:00 +0530 Tue, 10 Feb 2026 07:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786240 The definition of "proceeds of crime" under the PMLA covers property equivalent in value to assets obtained from scheduled offences, permitting attachment where direct proceeds are unavailable. Where an appeal under the statutory appellate remedy is pending, the Special Court should defer deciding a Section 8(7) confirmation application because the confirmation must be final; the Special Court's allowance of such an application was set aside and the appeal restored. Confiscation vests absolute ownership in the Central Government on law's operation. The applicant's claim under Section 8(8) failed for lack of demonstrated quantifiable loss and was not maintainable. Case-Laws Money Laundering Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786240