https://www.taxtmi.com/caselaws?id=467933 Properties linked to scheduled offences under the Arms Act were treated as proceeds of crime under the Prevention of Money Laundering Act, 2002 because the claimed lawful source of acquisition was not credibly established. The explanations based on prior savings, agricultural income and alleged sale proceeds were unsupported by reliable bank records or contemporaneous documents, and the gift deed in favour of the spouse was found doubtful on the surrounding circumstances and recorded statements. In the absence of proof of lawful funds, the attachment was sustained and the challenge to provisional attachment failed. en-us Mon, 17 Feb 2025 00:00:00 +0530 Thu, 09 Apr 2026 19:53:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467933 Properties linked to scheduled offences under the Arms Act were treated as proceeds of crime under the Prevention of Money Laundering Act, 2002 because the claimed lawful source of acquisition was not credibly established. The explanations based on prior savings, agricultural income and alleged sale proceeds were unsupported by reliable bank records or contemporaneous documents, and the gift deed in favour of the spouse was found doubtful on the surrounding circumstances and recorded statements. In the absence of proof of lawful funds, the attachment was sustained and the challenge to provisional attachment failed. Case-Laws Money Laundering Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467933