LEGAL & FINANCIAL UPDATES FROM TAX GURU
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http://www.taxguru.in free updates to Chartered Accountants, Company Secretaries, Tax Professional, Cost Accountants and other Account Professional on Amendments in Income Tax, Welath Tax, MVAT, Company Law, Service Tax, ICAI Regulation, Fema etc. |
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Mere Sale & Lease Back cannot lead to conclusion that transaction is sham
It cannot be said that all tax planning is illegal/ illegitimate/impermissible. Applying the rationale of this decision to the case on hand, in the absence of any material to pronounce on the genuineness of the transaction herein, the mere fact that what ...
6 hours ago
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