Hawala Transactions: No Merit in Differential Tax Treatment for Unexplained Transactions, All Found at Par with Explained Ones.

Unexplained Hawala Transactions - the various reasons cited in the beginning of this paragraph clearly reveal that all transactions were at par. Being so, we do not find any merit in the claim of revenue that the so-called “unexplained transactions” should be accorded a different treatment than the “explained transactions”. - AT .....

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