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VAT - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Levy of sales tax – turnover - shame transactions for obtaining ...


High Court Nullifies Sales Tax on Fake Transactions Used to Secure Loans, Not Genuine Business Deals.

April 9, 2014

Case Laws     VAT and Sales Tax     HC

Levy of sales tax – turnover - shame transactions for obtaining loan from bank - no real business transaction and the entire transaction was false and forged - demand set aside - HC

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