https://www.taxtmi.com/caselaws?id=800701 Section 5(1) attachment requires recorded, reasoned grounds showing that property is likely to be concealed, transferred, or dealt with to frustrate confiscation. That requirement is not met for assets under lawful seizure, court custody, or bank mortgage because they remain beyond the affected person's effective control; attachment may be reconsidered if those restraints cease. Section 50 statements may support attachment where coercion is unsubstantiated and no prompt formal retraction exists. Where direct proceeds have been dissipated, equivalent-value assets may be attached. Persons claiming legitimate acquisition must corroborate funding through reliable banking and contemporaneous evidence; income-tax returns alone do not establish untainted funds. en-us Mon, 31 Aug 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800701 Section 5(1) attachment requires recorded, reasoned grounds showing that property is likely to be concealed, transferred, or dealt with to frustrate confiscation. That requirement is not met for assets under lawful seizure, court custody, or bank mortgage because they remain beyond the affected person's effective control; attachment may be reconsidered if those restraints cease. Section 50 statements may support attachment where coercion is unsubstantiated and no prompt formal retraction exists. Where direct proceeds have been dissipated, equivalent-value assets may be attached. Persons claiming legitimate acquisition must corroborate funding through reliable banking and contemporaneous evidence; income-tax returns alone do not establish untainted funds. Case-Laws Money Laundering Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800701