Photo of Sakchi Agarwal

Associate in the tax practice at the Mumbai office of Cyril Amarchand Mangaldas. Sakchi has avid interest in corporate taxation and other various aspects of direct tax. She graduated from West Bengal National University of Juridical Sciences in 2021. She can be reached at

Tax motivated transaction IPSO Facto may not be regarded as Sham

In today’s economy, a business entity cannot undermine the impact of taxation on its growth and development trajectory, which is why tax planning is considered to be the most pivotal part of financial planning. While the line between tax planning and tax evasion is very thin, the Supreme Court, on various occasions, has differentiated between the two concepts and has repeatedly held that minimisation of tax liability through legitimate tax planning is not illegal.[1]Continue Reading Tax motivated transaction ipso facto may not be regarded as sham