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of <h1>Section 99 Targets Tax Avoidance by Treating Connected Persons as Single Entity, Disregarding Accommodating Parties in Assessments.</h1> Section 99 of Chapter X-A addresses the treatment of connected persons and accommodating parties for tax benefit determinations. Connected persons, defined in Section 102, include individuals or entities with direct or indirect relationships, such as relatives, directors, partners, or members with substantial business interests. The law allows treating connected persons as a single entity and disregarding accommodating parties or corporate structures when assessing tax benefits. This provision aims to prevent tax avoidance by looking through arrangements that might otherwise obscure the true nature of business relationships and transactions.
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