Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Treatment of connected persons may be consolidated to determine tax benefit, allowing look-through of arrangements and disregarding accommodating parties. Section 99 directs that, for determining whether a tax benefit exists, connected persons may be treated as one person; an accommodating party may be ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Treatment of connected persons may be consolidated to determine tax benefit, allowing look-through of arrangements and disregarding accommodating parties.
Section 99 directs that, for determining whether a tax benefit exists, connected persons may be treated as one person; an accommodating party may be disregarded; an accommodating party and any other party may be treated as one and the same person; and the arrangement may be looked through by disregarding any corporate structure to ascertain the substance of transactions.
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