Income Tax Department busts a major racket of bogus billing & hawala transactions https://www.taxtmi.com/news?id=22111 A coordinated enforcement operation uncovered a large-scale scheme of bogus billing and hawala transactions in the infrastructure sector, where fraudulent invoices and intermediary networks of entry operators, lobbyists and hawala dealers were used to divert funds intended for public infrastructure and EWS projects; searches and seizures documented the chain of delivery, cash disbursements, unexplained assets, and the mechanism of siphoning funds through artificial contracts. en-us Wed, 13 Nov 2019 12:01:49 +0530 Wed, 13 Nov 2019 12:01:49 +0530 TaxTMI RSS Generator Income Tax Department busts a major racket of bogus billing & hawala transactions https://www.taxtmi.com/news?id=22111 A coordinated enforcement operation uncovered a large-scale scheme of bogus billing and hawala transactions in the infrastructure sector, where fraudulent invoices and intermediary networks of entry operators, lobbyists and hawala dealers were used to divert funds intended for public infrastructure and EWS projects; searches and seizures documented the chain of delivery, cash disbursements, unexplained assets, and the mechanism of siphoning funds through artificial contracts. News - Wed, 13 Nov 2019 12:01:49 +0530 https://www.taxtmi.com/news?id=22111