hawala

  • Income Tax

Depreciation disallowed on VAT portion of capital goods purchased from grey market

Depreciation disallowed on VAT portion of capital goods suspected to be purchased from grey market ABACUS Case Law CitationABCAUS 3364…

4 years ago
  • Income Tax

Profit on Hawala/Bogus purchase/accommodation entries @ 5% upheld by High Court.

Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be…

4 years ago