Tax evasion by way of Colourable Devices and Sham Transaction to defraud Department: ITAT dismisses assessee appeal [Read Order]

By Aparna. M - On October 3, 2023 10:00 am - 2 mins read

Tax evasion - Colourable Devices - Sham Transaction - defraud Department - ITAT - dismisses - assessee appeal - taxscan

The Income Tax Appellate Tribunal (ITAT) Panaji bench dismissed the appeal filed by the assessee and observed that the assessee has evaded tax by way of colourable devices and sham transactions to defraud the income tax department. When a search and seizure action is carried out in the case of assessee, Manoj Anand assesee filed…

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