https://www.taxtmi.com/caselaws?id=792800 Rules governing possession of attached property under SAFEMA permit substitution only within the express limits set by the statute. For movable property, substitution is allowed only in specified situations under Rule 4. For immovable property, Rule 5 allows replacement only in the limited contingencies stated in sub-rules (5) and (6). There is no general power to replace attached immovable property with a demand draft or fixed deposit merely because equivalent value is offered, and prior orders cannot override the statutory scheme. The request for substitution was therefore rejected as outside the rules. en-us Thu, 23 Apr 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792800 Rules governing possession of attached property under SAFEMA permit substitution only within the express limits set by the statute. For movable property, substitution is allowed only in specified situations under Rule 4. For immovable property, Rule 5 allows replacement only in the limited contingencies stated in sub-rules (5) and (6). There is no general power to replace attached immovable property with a demand draft or fixed deposit merely because equivalent value is offered, and prior orders cannot override the statutory scheme. The request for substitution was therefore rejected as outside the rules. Case-Laws Money Laundering Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792800