Legitimate Tax Planning to minimise the Income Tax liability not illegal: ITAT [Read Order]

The Mumbai Bench of Income tax Appellate Tribunal (ITAT) ruled that legitimate tax planning to minimise the Income Tax liability is not illegal. The assessee, Michael E Desa is a non-resident Indian now fiscally domiciled in the United States. During the relevant previous year, the assessee sold a property, of which he was 50% co-owner, […]
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