Income Tax Section - 99, Income Tax Act, 1961-2020

  Income Tax

Section - 99, Income Tax Act, 1961-2020

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.