https://www.taxtmi.com/highlights?id=105288 Proceeds of crime must be property derived or obtained, directly or indirectly, from criminal activity relating to a scheduled offence. Receipts under debenture subscription and consultancy agreements received before the relevant bank disbursal lacked the required nexus. The unpaid consideration under a pre-existing dairy-business sale agreement remained an independent lawful transaction. Banking transfers and later disbursals to legal entities cannot be characterised as proceeds of crime without cogent evidence of that nexus. Attachment therefore could not continue, and the properties were released. en-us Thu, 22 Oct 2026 08:38:37 +0530 Thu, 22 Oct 2026 08:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105288 Proceeds of crime must be property derived or obtained, directly or indirectly, from criminal activity relating to a scheduled offence. Receipts under debenture subscription and consultancy agreements received before the relevant bank disbursal lacked the required nexus. The unpaid consideration under a pre-existing dairy-business sale agreement remained an independent lawful transaction. Banking transfers and later disbursals to legal entities cannot be characterised as proceeds of crime without cogent evidence of that nexus. Attachment therefore could not continue, and the properties were released. Highlights Money Laundering Thu, 22 Oct 2026 08:38:37 +0530 https://www.taxtmi.com/highlights?id=105288