https://www.taxtmi.com/highlights?id=6412 Modus operandi for tax evasion - Sham transactions - In three days, the assessee himself, who was having no worth, alleged that he borrowed Rs.25.97 lakhs from 148 persons as if every person was waiting for this person to come and demand the money and every person was ready to give him money. This type of modus-operandi can be adopted by many persons. - HC en-us Mon, 07 Jan 2013 17:42:14 +0530 Mon, 07 Jan 2013 17:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=6412 Modus operandi for tax evasion - Sham transactions - In three days, the assessee himself, who was having no worth, alleged that he borrowed Rs.25.97 lakhs from 148 persons as if every person was waiting for this person to come and demand the money and every person was ready to give him money. This type of modus-operandi can be adopted by many persons. - HC Highlights Income Tax Mon, 07 Jan 2013 17:42:14 +0530 https://www.taxtmi.com/highlights?id=6412