Case law - right to avoid tax (not evasion) by resorting to tax planning, Income Tax

[B Tayub]

Can anybody give any recent judgment of High Court/Supreme Court holding that tax planning within the provisions of tax laws (Income Tax) is legal and the assesses have right to avoid tax (not evasion) by resorting to tax planning so as to reduce their tax liability?

Posts / Replies

[Rama Krishana]

Tax planning and Tax evasion are two things which are being divided by a thin line. It depends upon each case. You may find a most recent case on this issue of the High court reported in 2009 TMI - 34200 - PUNJAB AND HARYANA HIGH COURT