Every tax advantageous action or inaction cannot be treated as a colourable device

IN THE ITAT KOLKATA BENCH ‘C’ Assistant Director of Income-tax (International Taxation) versus Maersk Line UK Ltd. IT Appeal No. 2150 (Kol.) of 2009 [Assessment year 2006-07] September 21, 2012 ORDER Pramod Kumar, Accountant Member   By way of this appeal, the Assessing Officer has challenged correctness of CIT(A)’s order dated 24th December 2008, in the matter of assessment under section 143(3) of the Income Tax Act, 1961, for the assessment year 2006-07. 2. Ground nos. 1 to 4, which are raised in the form of questions requiring our adjudication and which w...