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Section 97 in Finance Act, 2012 [Entire Act]

steps or a part; or (b) it involves or includes - (i) round trip financing; (ii) an accommodating party; (iii) elements that have effect of offsetting ... party. (2) For the purposes of sub-section (1), round trip financing includes any arrangement in which, through a series of transactions - (a) funds
Union of India - Section Cites 0 - Cited by 43

R.K.M. Powergen Private Ltd vs The Assistant Director/Officer On ... on 13 November, 2006

contending that during investigation by the Enforcement Directorate, they stumbled upon “round tripping” transactions between the Indian and the overseas entities. He also submitted ... Senior Counsel appearing for RKM Company submitted that the allegation of “round tripping” is a smokescreen that has been created by the Enforcement Directorate
Madras High Court Cites 23 - Cited by 4 - Full Document

State Of Kerala vs Palaksha on 12 April, 2002

stage carriage on the route Mysore-Mananthawady. He was operating one round trip from Mysore to Mananthawady and back. He filed an application for variation ... round trip and as such there were vacant trips for operation; and as the respondent was allowed to operate one more round trip
Kerala High Court Cites 10 - Cited by 0 - Full Document
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