General anti-avoidance rule applies alongside or in place of other tax bases, subject to prescribed guidelines. The Chapter establishes the general anti-avoidance rule as an overarching mechanism governing tax liability, providing that its provisions apply either in addition to or in lieu of any other basis for determining tax and that application and scope are to be governed by prescribed guidelines and conditional requirements.
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 applies alongside or in place of other tax bases, subject to prescribed guidelines.
The Chapter establishes the general anti-avoidance rule as an overarching mechanism governing tax liability, providing that its provisions apply either in addition to or in lieu of any other basis for determining tax and that application and scope are to be governed by prescribed guidelines and conditional requirements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.