Tag: Colourable devices
Resorting to dubious methods and colourable devices to avoid the payment of tax.
India vs Vodafone International Holdings BV, 2012, Supreme Court
In the Vodafone case, the Supreme Court of India found that tax planning within the law will be valid as long as it does not amount to a colourable device ...
India vs Azadi Bachao Andolan, 2003, Supreme Court
In this case the Court held that while a “colourable device” could result in the transaction being considered a sham, that did not mean that tax planning within the law will not be permitted ...