https://www.taxtmi.com/caselaws?id=788161 The Tribunal upheld provisional attachment under money-laundering law, holding that "proceeds of crime" covers the value of illicit gains and, where the tainted property is unavailable, property of equivalent value may be attached even if acquired before the predicate offence. It accepted a workable basis for the alleged proceeds of crime from excess red sand excavation and related revenue loss, and found the appellants failed to show that the excavation was limited to the permitted quantity or that the income reflected in returns was wholly legitimate. Disclosure of assets in tax returns did not make them untainted, and the statutory presumption was not rebutted, so the attachment and its confirmation were sustained. en-us Tue, 02 Dec 2025 00:00:00 +0530 Wed, 18 Mar 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788161 The Tribunal upheld provisional attachment under money-laundering law, holding that "proceeds of crime" covers the value of illicit gains and, where the tainted property is unavailable, property of equivalent value may be attached even if acquired before the predicate offence. It accepted a workable basis for the alleged proceeds of crime from excess red sand excavation and related revenue loss, and found the appellants failed to show that the excavation was limited to the permitted quantity or that the income reflected in returns was wholly legitimate. Disclosure of assets in tax returns did not make them untainted, and the statutory presumption was not rebutted, so the attachment and its confirmation were sustained. Case-Laws Money Laundering Tue, 02 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788161