The Delhi High Court ruled that any increase in the value of assets or shares derived from criminal activities can be treated as “proceeds of crime” under the Prevention of Money Laundering Act (PMLA) and attached by the Enforcement Directorate.
On March 7, 2023, the Madras High Court upheld a 2017 directive to reduce property guideline values by 33%, dismissing the government’s attempt to revert to 2012 values for stamp duty and registration charges. The court emphasized the need for proper procedures in revising values, directing adherence to the 2017 decision until a lawful update. No refunds for transactions using 2012 valuations were granted during the interim period.
