https://www.taxtmi.com/caselaws?id=788696 Property acquired before the check-period and before the alleged scheduled offence may still be provisionally attached as equivalent-value property under the Prevention of Money Laundering Act, 2002, where the original proceeds of crime are not traceable. The Tribunal read the definition of "proceeds of crime" as extending beyond property directly or indirectly derived from the offence to include other property of equivalent value when the tainted assets are unavailable. It also held that the check-period used for determining disproportionate assets does not bar attachment under the second limb of the definition, and upheld the attachment on the basis of the value of the proceeds of crime and the overall asset position. en-us Thu, 12 Mar 2026 00:00:00 +0530 Fri, 27 Mar 2026 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788696 Property acquired before the check-period and before the alleged scheduled offence may still be provisionally attached as equivalent-value property under the Prevention of Money Laundering Act, 2002, where the original proceeds of crime are not traceable. The Tribunal read the definition of "proceeds of crime" as extending beyond property directly or indirectly derived from the offence to include other property of equivalent value when the tainted assets are unavailable. It also held that the check-period used for determining disproportionate assets does not bar attachment under the second limb of the definition, and upheld the attachment on the basis of the value of the proceeds of crime and the overall asset position. Case-Laws Money Laundering Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788696