General anti-avoidance rule authorises treating arrangements as impermissible and determining tax consequences under the Chapter. The provision empowers the General Anti-Avoidance Rule to declare an arrangement an impermissible avoidance arrangement and determine tax consequences under the Chapter, overriding other Act provisions; it also permits application of Chapter provisions to any step or part of an arrangement so that constituent steps may be assessed and adjusted independently.
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.
Provisions expressly mentioned in the judgment/order text.
General anti-avoidance rule authorises treating arrangements as impermissible and determining tax consequences under the Chapter.
The provision empowers the General Anti-Avoidance Rule to declare an arrangement an impermissible avoidance arrangement and determine tax consequences under the Chapter, overriding other Act provisions; it also permits application of Chapter provisions to any step or part of an arrangement so that constituent steps may be assessed and adjusted independently.
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