5105/1992.

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Full Text of the Document

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....der different fiscal laws of India. It has been noticed that the assessees receive bank drafts, cheques, gifts, loans etc. from their alleged relatives and friends through the modus operandi of hawala transactions. The importers and exporters use the device of under-invoicing and over-invoicing the bills in a big way. Benami firms/companies are floated abroad to facilitate illegal operations. Thes....