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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