TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 96: Identifying Impermissible Tax Avoidance Arrangements Lacking Commercial Substance or Misusing Tax Provisions.</h1> An impermissible avoidance arrangement under Section 96 of the Income Tax Act is primarily designed to obtain a tax benefit. It includes arrangements that create non-arm's length rights or obligations, misuse or abuse tax provisions, lack commercial substance, or are executed in non-bona fide manners. Such arrangements are presumed to aim for tax benefits unless proven otherwise by the taxpayer. The 'tainted element' test requires the presence of specified elements, such as those listed in clauses (a) to (d) of Section 96. Tax benefits encompass reductions, deferrals, or increases in refunds related to tax obligations or treaties.
TaxTMI 
TaxTMI 
