https://www.taxtmi.com/caselaws?id=789087 Under the statutory burden framework, the Tribunal upheld confirmation of attachment of properties alleged to be proceeds of crime because the appellants failed to prove a genuine source of funds. It found that returns, registrations and bank entries did not establish actual business activity or independent income, and that the claimed family and gift sources were unsupported by material evidence. Frequent credit entries, the absence of proof of real business in family entities, and the appellants' failure to explain the transactions reinforced the conclusion that the assets were layered and projected as untainted. The challenge to the attachment therefore failed. en-us Wed, 09 Jul 2025 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789087 Under the statutory burden framework, the Tribunal upheld confirmation of attachment of properties alleged to be proceeds of crime because the appellants failed to prove a genuine source of funds. It found that returns, registrations and bank entries did not establish actual business activity or independent income, and that the claimed family and gift sources were unsupported by material evidence. Frequent credit entries, the absence of proof of real business in family entities, and the appellants' failure to explain the transactions reinforced the conclusion that the assets were layered and projected as untainted. The challenge to the attachment therefore failed. Case-Laws Money Laundering Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789087