https://www.taxtmi.com/caselaws?id=786878 Attachment of untraced tainted assets is permissible under the Prevention of Money Laundering Act by treating intervening or ancestral property as equivalent in value where the actual proceeds cannot be located; Section 2(1)(u) (definition of proceeds of crime) read with Section 5 authorises provisional attachment of property representing the value of proceeds, and prior acquisition or ancestral status of the property does not per se shield it from attachment if material supports equivalence; the statutory scheme permits upholding such attachments on proper evidentiary basis. en-us Mon, 16 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786878 Attachment of untraced tainted assets is permissible under the Prevention of Money Laundering Act by treating intervening or ancestral property as equivalent in value where the actual proceeds cannot be located; Section 2(1)(u) (definition of proceeds of crime) read with Section 5 authorises provisional attachment of property representing the value of proceeds, and prior acquisition or ancestral status of the property does not per se shield it from attachment if material supports equivalence; the statutory scheme permits upholding such attachments on proper evidentiary basis. Case-Laws Money Laundering Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786878