https://www.taxtmi.com/caselaws?id=467098 Provisional attachment under the Prevention of Money Laundering Act is supportable where the enforcement agency forms a reasonable belief as to (i) commission of the predicate offence, (ii) generation and quantum of proceeds of crime, and (iii) availability of those proceeds with accused or associates; the decision explains application of that reasonable belief standard and the method for computing disproportionate assets over the check period. The Tribunal found the appellants failed to produce corroborative documentary evidence to rebut the material relied on (bank records, CA verification, investigation reports), upheld valuation and inclusion decisions challenged by appellants, and affirmed confirmation of the provisional attachments. en-us Tue, 17 Dec 2024 00:00:00 +0530 Fri, 06 Mar 2026 20:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467098 Provisional attachment under the Prevention of Money Laundering Act is supportable where the enforcement agency forms a reasonable belief as to (i) commission of the predicate offence, (ii) generation and quantum of proceeds of crime, and (iii) availability of those proceeds with accused or associates; the decision explains application of that reasonable belief standard and the method for computing disproportionate assets over the check period. The Tribunal found the appellants failed to produce corroborative documentary evidence to rebut the material relied on (bank records, CA verification, investigation reports), upheld valuation and inclusion decisions challenged by appellants, and affirmed confirmation of the provisional attachments. Case-Laws Money Laundering Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467098