havala transactions, circulation of black money and operations, of a vicious parallel economy causing serious damages to the economic fibre of the country. These Syndicates ... stated that the network of the Mafia is virtually running a parallel Government, pushing the State apparatus into irrelevance. It is thus most immediately necessary
M/S. Mangatram Arora Finance Ltd., ... vs Dcit Cent. Cir. - 43, Mumbai on 15 March
would also be able to conceal his income and operate a parallel economy with the use of black money. According to the final Report ... authorities can be used as black money in a parallel economy which, according to the Wanchoo Committee Report and according to common knowledge, is operating
economy. It had started long back and is prevalent till date. Parallel economy is a well known phenomenon in the country.
(b) the three amalgamations ... economy. It had started long back and is prevalent till date. Parallel economy is a well known phenomenon in the country.
(b) The three amalgamations
populace at large for their selfish gains and further as a paralleled economy has been set up by such Mafias, the court has to take
should not be dealt as general
offender because economic offenders run parallel economy and
they are serious threat to the national economy. So, after
considering
Wide circulation of counterfeit currency notes would very
seriously affect our economy. Parallel economy built up with
counterfeit currency would destroy the financial edifice
officials substantially instead of benefiting the State exchequer. A source of parallel economy commonly known as "black money" has developed which is running
Secretary, by the economic chaos created, and setting up of the parallel economy, among others, as per the Expert opinion given
equitable distribution and not artificial hoarding leading to the creation of parallel economy in the black-market. It is, therefore, understandable that the Legislature
