Amrapali CFO's Firms Diverted Homebuyers' Money, Says Supreme Court: 10 Points

A bench of Justices Arun Mishra and UU Lalit said: "Why a company clears your tax liability of Rs 2 crore when your salary is just Rs 50,000 month? What were the benefits you have got from the company? You have to furnish the details by tomorrow about your exact role in the company and give each and every detail." The bench said that companies incorporated by Mr Wadhwa acted as a conduit to divert homebuyers' money from the Amrapa...