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Showing contexts for: parallel economy in Dayaram Brijbhukhandas vs The Principal Commissioner Of Income ... on 20 June, 2025Matching Fragments
26. It was therefore, submitted that under such circumstances, cases of the petitioners were selected for complete scrutiny for verifying the business of the NEUTRAL CITATION C/SCA/6332/2022 CAV JUDGMENT DATED: 20/06/2025 undefined assessee and to see whether the huge cash deposited in the bank represent genuine business transactions or not as demonetization was aimed at the elimination of black money that casts a long shadow of parallel economy on real economy of the country and "operation clean money" was one of the major steps aimed at achieving this goal and also to widen the tax base.