https://www.taxtmi.com/caselaws?id=405271 The Tribunal's decision was upheld, confirming that the transactions were within the framework of law and not colorable devices. The appeal was dismissed, with all substantial questions of law answered against the revenue and in favor of the assessee. The legitimacy and validity of the transactions, along with the non-existence of liability, were affirmed. en-us Wed, 24 Feb 2021 00:00:00 +0530 Mon, 17 May 2021 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405271 The Tribunal's decision was upheld, confirming that the transactions were within the framework of law and not colorable devices. The appeal was dismissed, with all substantial questions of law answered against the revenue and in favor of the assessee. The legitimacy and validity of the transactions, along with the non-existence of liability, were affirmed. Case-Laws Income Tax Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405271