https://www.taxtmi.com/caselaws?id=470770 Provisional attachment of a fixed deposit could not be sustained where the deposit comprised cash placed under a Special Court's direction and remained in the custody of the Bureau of Prevention of Corruption. The appellant lacked the ability to transfer or otherwise deal with the deposit. Consequently, the statutory basis for apprehending a transfer or dealing intended to frustrate confiscation was absent, rendering both the provisional attachment and its confirmation unsustainable. en-us Mon, 27 May 2024 00:00:00 +0530 Fri, 07 Aug 2026 18:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470770 Provisional attachment of a fixed deposit could not be sustained where the deposit comprised cash placed under a Special Court's direction and remained in the custody of the Bureau of Prevention of Corruption. The appellant lacked the ability to transfer or otherwise deal with the deposit. Consequently, the statutory basis for apprehending a transfer or dealing intended to frustrate confiscation was absent, rendering both the provisional attachment and its confirmation unsustainable. Case-Laws Money Laundering Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470770