https://www.taxtmi.com/caselaws?id=795659 Properties acquired before or during the alleged crime period, including gifted or ancestral assets, may be attached as property of equivalent value where actual proceeds of crime are unavailable or untraceable. The text states that proceeds of crime cover both tainted assets derived from scheduled criminal activity and equivalent-value property. It further notes that the appellant did not dispute the alleged involvement or quantified proceeds and failed to substantiate lawful sources for loans, gifts, deposits, withdrawals, property purchases, construction expenditure, loan repayments, or fund utilisation. The statutory burden of proving lawful source under Section 24 therefore remained undischarged, supporting attachment of the identified properties. en-us Thu, 16 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795659 Properties acquired before or during the alleged crime period, including gifted or ancestral assets, may be attached as property of equivalent value where actual proceeds of crime are unavailable or untraceable. The text states that proceeds of crime cover both tainted assets derived from scheduled criminal activity and equivalent-value property. It further notes that the appellant did not dispute the alleged involvement or quantified proceeds and failed to substantiate lawful sources for loans, gifts, deposits, withdrawals, property purchases, construction expenditure, loan repayments, or fund utilisation. The statutory burden of proving lawful source under Section 24 therefore remained undischarged, supporting attachment of the identified properties. Case-Laws Money Laundering Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795659