https://www.taxtmi.com/caselaws?id=788695 Where proceeds of crime are not traceable, property of equivalent value may be attached under PMLA. The Tribunal upheld provisional attachment based on alleged fake bitumen invoices and held that the definition of proceeds of crime extends to equivalent value where the tainted property is unavailable. It further found that a subcontracting arrangement did not displace the principal contractor's responsibility absent reliable documentary proof, and rejected the challenge to the attachment order. en-us Wed, 29 Oct 2025 00:00:00 +0530 Fri, 27 Mar 2026 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788695 Where proceeds of crime are not traceable, property of equivalent value may be attached under PMLA. The Tribunal upheld provisional attachment based on alleged fake bitumen invoices and held that the definition of proceeds of crime extends to equivalent value where the tainted property is unavailable. It further found that a subcontracting arrangement did not displace the principal contractor's responsibility absent reliable documentary proof, and rejected the challenge to the attachment order. Case-Laws Money Laundering Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788695