https://www.taxtmi.com/caselaws?id=789088 Demat shares purchased from unexplained funds received from an entity linked to laundering were treated as property traceable to proceeds of crime. The Tribunal found that the appellant gave no credible lawful explanation for receipt or use of the funds, and that the claimed medical purpose was unsupported because the money was instead used to buy shares of the same company, with part of the shares later sold. On those facts, attachment was justified under the money-laundering regime and no interference was warranted. en-us Tue, 15 Jul 2025 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789088 Demat shares purchased from unexplained funds received from an entity linked to laundering were treated as property traceable to proceeds of crime. The Tribunal found that the appellant gave no credible lawful explanation for receipt or use of the funds, and that the claimed medical purpose was unsupported because the money was instead used to buy shares of the same company, with part of the shares later sold. On those facts, attachment was justified under the money-laundering regime and no interference was warranted. Case-Laws Money Laundering Tue, 15 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789088