Modus operandi for tax evasion - Sham transactions - In three ...

Case Laws Income Tax

January 7, 2013

Modus operandi for tax evasion - Sham transactions - In three days, the assessee himself, who was having no worth, alleged that he borrowed Rs.25.97 lakhs from 148 persons as if every person was waiting for this person to come and demand the money and every person was ready to give him money. This type of modus-operandi can be adopted by many persons. - HC

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Modus operandi for tax evasion - Sham transactions - In three ...

Case Laws Income Tax

January 7, 2013

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