refer to the words 'custom scrips' and 'round
tripping'. Learned senior advocate contended that scrip means
an advance payment ... word 'scrip' which is
out of context. Similarly, round tripping also has no relevance
to the facts of the case
refer to the words 'custom scrips' and 'round
tripping'. Learned senior advocate contended that scrip means
an advance payment ... word 'scrip' which is
out of context. Similarly, round tripping also has no relevance
to the facts of the case
refer to the words 'custom scrips' and 'round
tripping'. Learned senior advocate contended that scrip means
an advance payment ... word 'scrip' which is
out of context. Similarly, round tripping also has no relevance
to the facts of the case
refer to the words 'custom scrips' and 'round
tripping'. Learned senior advocate contended that scrip means
an advance payment ... word 'scrip' which is
out of context. Similarly, round tripping also has no relevance
to the facts of the case
refer to the words 'custom scrips' and 'round
tripping'. Learned senior advocate contended that scrip means
an advance payment ... word 'scrip' which is
out of context. Similarly, round tripping also has no relevance
to the facts of the case
Kadam was funded by Indiabulls through loan and thus there was round tripping; (c) the valuation reports were back dated and thus forged ... entirely funded by Indiabulls showing it to be a case of round tripping.
41. The first information report in Case Crime
crores. By
adopting the modus operandi of the circular trading/round-tripping, the
purchases of Rs.9140.03 crores resulted in an inflated combined sale ... Crores. By
adopting the modus operandi of circular trading/round-tripping, the purchases
of Rs.38.82 Crores resulted in an inflated sale
petitioners and the companies of the Manipal group
showed clear-round-trip-financing which lacks commercial
substance; prima facie it is not for bona fide ... issued for escaped assessment.
Findings of the Assessing Officer on round tripping, etc.,
are quite in order in terms of Sections 95 to 102 which
petitioners and the companies of the Manipal group
showed clear-round-trip-financing which lacks commercial
substance; prima facie it is not for bona fide ... issued for escaped assessment.
Findings of the Assessing Officer on round tripping, etc.,
are quite in order in terms of Sections 95 to 102 which
officer led him to believe that the entire transaction amounted
to round tripping. He therefore proposed to reopen the search assessments of
the three companies ... Dalmia's own black money and that there has been
round tripping since later KKR's shareholding in DCBL was bought back
