Section - 99 - Income-tax Act, 1961

Section - 99 - Treatment of connected person and accommodating party

Treatment of connected person and accommodating party.

99. For the purposes of this Chapter, in determining whether a tax benefit exists,-

(i)	-	the parties who are connected persons in relation to each other may be treated as one and the same person;
(ii)	-	any accommodating party may be disregarded;
(iii)	-	the accommodating party and any other party may be treated as one and the same person;
(iv)	-	the arrangement may be considered or looked through by disregarding any corporate structure.

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