5 results for “bogus purchases”+ Unexplained Investmentclear
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Bench: N.KUMAR,H.S.KEMPANNA
investment in the share capital of the Company. By declaring the diamonds in the VDIS 1997, the assessee has been able to bring him huge amount of `1,28,48,42,890/- by making a declaration of diamonds valued at `36,87,47,758/- and paying the tax on a flat rate of 30% on the VDIS declaration. After taking