https://www.taxtmi.com/caselaws?id=787904 Provisional attachment under the Prevention of Money Laundering Act was upheld on the legal ground that property in the possession of a recipient may be attached if material satisfies authorities that it is derived from criminal activity; the recipient bears a reverse burden to adduce credible documentary evidence that transfers derive from legitimate savings. The appellant failed to produce bank statements or other proof to rebut transfers and ownership links to diversion of investor funds, so the appellate tribunal (AT) confirmed the Section 26 provisional attachment and dismissed the appeal. en-us Wed, 25 Feb 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787904 Provisional attachment under the Prevention of Money Laundering Act was upheld on the legal ground that property in the possession of a recipient may be attached if material satisfies authorities that it is derived from criminal activity; the recipient bears a reverse burden to adduce credible documentary evidence that transfers derive from legitimate savings. The appellant failed to produce bank statements or other proof to rebut transfers and ownership links to diversion of investor funds, so the appellate tribunal (AT) confirmed the Section 26 provisional attachment and dismissed the appeal. Case-Laws Money Laundering Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787904