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The Distinction Between Legitimate Tax Planning and Tax Evasion: Key Insights from a Landmark ITAT Ruling
December 28, 2024by Dr Dawkins Brown
The Income Tax Appellate Tribunal (ITAT) in Mumbai recently delivered a pivotal judgment that reaffirmed taxpayers’ rights to engage in legitimate tax planning while delineating its boundaries from tax evasion. This landmark ruling not only clarified the nuances of tax law but also emphasized the importance of compliance and transparency in financial planning. The Case...
