https://www.taxtmi.com/caselaws?id=466819 Advance payments do not qualify as "proceeds of crime" under the Prevention of Money-laundering Act unless the property is shown to be derived or obtained, directly or indirectly, from criminal activity relating to a scheduled offence; on the material before the court the advances did not meet that threshold and criminal liability under the Act was rejected. Attachment powers under Sections 5 and 8 extend only to property tainted as proceeds of crime; absent prima facie material proving ancestral/family properties were so derived, their attachment lacked jurisdiction and was set aside. en-us Fri, 18 Dec 2020 00:00:00 +0530 Fri, 20 Feb 2026 20:59:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466819 Advance payments do not qualify as "proceeds of crime" under the Prevention of Money-laundering Act unless the property is shown to be derived or obtained, directly or indirectly, from criminal activity relating to a scheduled offence; on the material before the court the advances did not meet that threshold and criminal liability under the Act was rejected. Attachment powers under Sections 5 and 8 extend only to property tainted as proceeds of crime; absent prima facie material proving ancestral/family properties were so derived, their attachment lacked jurisdiction and was set aside. Case-Laws Money Laundering Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466819