This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Assessee has right to plan its affairs in such manner which may result in payment of least tax possible
Case Law Details
- Case Name
- CIT Vs. Rajan Nanda (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
CIT Vs. Rajan Nanda (Delhi HC)– Every assessee has right to plan its affairs in such a manner which may result in payment of least tax possible, albeit, in conformity with the provisions of Act. It is also permissible to the assessee to take advantage of the gaping holes in the provisions of the Act. The job of the Court is to simply look at the provisions of the Act and to see whether these provisions allow the assessee to arrange their affairs to ensure lesser payment of tax.
If that is permissible, no further scrutiny is required and this would not amount to tax evasion. Benefit inu...
