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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Tax planning versus Tax Avoidance - distribution of dividend, ...


High Court Upholds Legitimate Tax Planning: Dividend Distribution Before Share Sale Not Deemed a Sham Transaction.

September 27, 2012

Case Laws     Income Tax     AT

Tax planning versus Tax Avoidance - distribution of dividend, prior to sale of its shares by the assessee, even though tax advantageous cannot be termed as a colourable device or sham transaction - HC

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