https://www.taxtmi.com/caselaws?id=468195 Attachment under the Prevention of Money-Laundering Act, 2002 was sustained because the alleged inflation of newspaper circulation figures was supported by traced advertisement receipts, bank transfers and recorded statements, while the appellants failed to produce material showing actual circulation or corresponding printing inputs. The challenge to valuation also failed: the tribunal applied the statutory concept of value as fair market value on the relevant acquisition date, or possession date if necessary, and found no material to show a lower market value or that the attachment exceeded the alleged proceeds of crime. The appeal was dismissed in full. en-us Tue, 07 Jan 2025 00:00:00 +0530 Tue, 21 Apr 2026 18:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468195 Attachment under the Prevention of Money-Laundering Act, 2002 was sustained because the alleged inflation of newspaper circulation figures was supported by traced advertisement receipts, bank transfers and recorded statements, while the appellants failed to produce material showing actual circulation or corresponding printing inputs. The challenge to valuation also failed: the tribunal applied the statutory concept of value as fair market value on the relevant acquisition date, or possession date if necessary, and found no material to show a lower market value or that the attachment exceeded the alleged proceeds of crime. The appeal was dismissed in full. Case-Laws Money Laundering Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468195