imposes upon the citizens of
the country. There is already a parallel economy flourishing in the
country, which is wholly illegal, under which a number ... Section 269 SS of the IT Act was to curb the parallel
economy which was rampant on account of cash transactions which
were unaccounted
known fact that in the present day economy, there is parallel economy of unaccounted money. For this purpose, if the Parliament enacts ... adjustment or compensating for further injustices to the society by parallel economy of unaccounted money.
29. Similarly, the Court referred to its earlier decision
known fact that in the present day economy, there is parallel economy of unaccounted money. For this purpose, if the Parliament enacts ... adjustment or compensating for further injustices to the society by parallel economy of unaccounted money.
29. Similarly, the Court referred to its earlier decision
equitable distribution and not artificial hoarding leading to the creation of parallel economy in the black-market. It is, therefore, understandable that the Legislature
Secretary, by the economic chaos created, and setting up of the parallel economy, among others, as per the Expert opinion given
corruption also
impairs the growth of the country's economy and functioning of the
bureaucracy. The effect of corruption is that a person ... money in the official / formal economy and
results into a parallel economy which further deprives the State of its
rightful use by way of taxes
revival of economy and can only encourage not the decline and fall but the rise and growth of underground economy thriving with underhand dealings ... country fracturing the very foundations of a sound economic structure. Parallel economy stands before us all like a colossus. Serious efforts are on to weaken
Judgement-ARPL-20865-2023.docx
entirely in the parallel economy, off the books of accounts and balance
sheet of the firm, with their conversations littered ... business activity that was entirely conducted off the books in the parallel
economy. The very transcripts of the conversations sought to be brought
on record
also creating huge loss to the State Exchequer.
Almost a parallel economy is created. Many revenue
and police officers are targeted by Sand Mafias
Mafatlal Engineering Industries Ltd. vs Mafatlal Engineering Industries ... on 14 December, 1990
Equivalent citations: (1992
