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of <h1>Clause 154 Direct Taxes Code: Procedure for Assessing Impermissible Avoidance Agreements and Adjusting Tax Liability Explained.</h1> Clause 154 of the Direct Taxes Code, 2010 outlines the procedure for determining an impermissible avoidance agreement. The Commissioner must notify the assessee to present evidence supporting their claim that section 123 does not apply. After reviewing the evidence, the Commissioner decides whether the arrangement is impermissible. If deemed impermissible, the Commissioner directs adjustments to the assessee's income or tax liability and forwards the order to the assessee and the jurisdictional Commissioner of the other involved party. This procedure must be completed within twelve months from the notice issuance date.
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