https://www.taxtmi.com/caselaws?id=467963 Properties acquired before the alleged offence period are not automatically immune from action under the Prevention of Money-Laundering Act, 2002, because "proceeds of crime" under Section 2(1)(u) includes property derived from criminal activity and its value where the tainted asset cannot be traced. The Tribunal found that pre-acquisition movable and immovable assets could still be proceeded against if the accused retained an interest in them during the criminal activity, and that a bare assertion of lawful acquisition was insufficient without evidence. On that basis, the attachment was upheld and the challenge failed. en-us Tue, 25 Feb 2025 00:00:00 +0530 Fri, 10 Apr 2026 20:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467963 Properties acquired before the alleged offence period are not automatically immune from action under the Prevention of Money-Laundering Act, 2002, because "proceeds of crime" under Section 2(1)(u) includes property derived from criminal activity and its value where the tainted asset cannot be traced. The Tribunal found that pre-acquisition movable and immovable assets could still be proceeded against if the accused retained an interest in them during the criminal activity, and that a bare assertion of lawful acquisition was insufficient without evidence. On that basis, the attachment was upheld and the challenge failed. Case-Laws Money Laundering Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467963