https://www.taxtmi.com/caselaws?id=235290 The High Court upheld the Tribunal's decision to delete the addition of Rs. 6,43,81,967, ruling that the transactions were legitimate tax planning and not a colorable device for tax avoidance. The Court found no error in the valuation report and confirmed that genuine transactions for tax planning purposes are permissible if conducted legitimately. The Revenue's appeal was dismissed as lacking substantial evidence against the valuation, with no legal issues raised. en-us Mon, 15 Apr 2013 00:00:00 +0530 Thu, 07 May 2026 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235290 The High Court upheld the Tribunal's decision to delete the addition of Rs. 6,43,81,967, ruling that the transactions were legitimate tax planning and not a colorable device for tax avoidance. The Court found no error in the valuation report and confirmed that genuine transactions for tax planning purposes are permissible if conducted legitimately. The Revenue's appeal was dismissed as lacking substantial evidence against the valuation, with no legal issues raised. Case-Laws Income Tax Mon, 15 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235290