M/S. Mangatram Arora Finance Ltd., ... vs Dcit Cent. Cir. - 43, Mumbai on 15 March
well known in the trade, in the form of' parallel
economy for illegal activities. This seam was going on in the market
which is well known in the trade, in the form of parallel
economy/ for illegal activities. This scam was going on in the market
certain incidental expenses in running such a business of
supporting parallel economy, A.O has come to a reasonable
conclusion by arriving at the commission
himself a proud part of it, yet there is a parallel economy running inside the
fraternity and there are different sources of corruption
well known that Indian Economy is plagued with a monstrous parallel
economy and nefarious money laundering activities which is eating
into economic fabric of India
unexpected announcement with the purpose of curbing
black or parallel economy of the country. Owing to sudden announcement of
demonetization, persons who had accumulated their
himself a proud part of it, yet there is a parallel economy running inside the
fraternity and there are different sources of corruption
very purpose of the section is to discourage such
transaction and parallel economy.
Alternately, the assessee who maintains the regular books of
accounts discloses
Apex court, that there is growing a
parallel economy running in to hundreds of crores of rupees within
the country's economy through land