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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Revision u/s 263 - undisclosed hawala trading - very reliable ...


Undisclosed Hawala Trading Revision Upheld u/s 263 Based on VAT and Sales Tax Authorities' Information.

September 21, 2018

Case Laws     Income Tax     HC

Revision u/s 263 - undisclosed hawala trading - very reliable and genuine information was received from the VAT and Sales Tax authorities with regard to the operations with these dealers styled as 'hawala traders' - Revision proceedings sustained.

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