Introduction: Understanding the Protective Framework The Income Tax Act of 1961 stands as the cornerstone legislation governing direct taxation in India, establishing a framework that balances revenue collection with taxpayer rights. Among its various provisions, Section 281 of the Income Tax Act carries substantial weight in property and asset transactions, often determining the fate of […] The post Implications of Section 281 of the Income Tax Act for Companies and Individuals appeared fi...| Bhatt & Joshi Associates