https://www.taxtmi.com/caselaws?id=789688 Provisional attachment of individual shareholdings was held unjustified where the alleged proceeds of crime were received by an education society and no material linked the appellants personally to receipt, possession, concealment, or benefit from those funds. The Tribunal found that the record showed utilisation of funds by the society for loan servicing and payments to other entities, but did not establish any direct or indirect personal benefit to the President or Secretary. Mere office-holding in the society was insufficient to sustain attachment of the appellants' personal property, and the attachment orders were set aside. en-us Wed, 01 Apr 2026 00:00:00 +0530 Mon, 13 Apr 2026 07:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789688 Provisional attachment of individual shareholdings was held unjustified where the alleged proceeds of crime were received by an education society and no material linked the appellants personally to receipt, possession, concealment, or benefit from those funds. The Tribunal found that the record showed utilisation of funds by the society for loan servicing and payments to other entities, but did not establish any direct or indirect personal benefit to the President or Secretary. Mere office-holding in the society was insufficient to sustain attachment of the appellants' personal property, and the attachment orders were set aside. Case-Laws Money Laundering Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789688