https://www.taxtmi.com/caselaws?id=799818 Under the Prevention of Money Laundering Act, 2002, attachment may extend to Indian property of equivalent value where alleged proceeds of crime are unavailable abroad, including property acquired before the scheduled offence or asserted to derive from legitimate sources, if no independent untainted source is established. Money laundering is treated as continuing through possession, concealment, use or projection of proceeds; therefore, attachment based on an amendment in force when made does not rest solely on retrospective application. Recorded reasons within a provisional attachment order can satisfy the statutory reason-to-believe requirement without separate disclosure. An attachment appeal does not determine the scheduled offence's merits. Attachment preserves property but ordinarily does not displace residential possession absent exceptional circumstances. en-us Thu, 17 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799818 Under the Prevention of Money Laundering Act, 2002, attachment may extend to Indian property of equivalent value where alleged proceeds of crime are unavailable abroad, including property acquired before the scheduled offence or asserted to derive from legitimate sources, if no independent untainted source is established. Money laundering is treated as continuing through possession, concealment, use or projection of proceeds; therefore, attachment based on an amendment in force when made does not rest solely on retrospective application. Recorded reasons within a provisional attachment order can satisfy the statutory reason-to-believe requirement without separate disclosure. An attachment appeal does not determine the scheduled offence's merits. Attachment preserves property but ordinarily does not displace residential possession absent exceptional circumstances. Case-Laws Money Laundering Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799818