https://www.taxtmi.com/acts?id=11778 A general anti-avoidance rule allows the tax authority to declare an impermissible avoidance arrangement and to determine its tax consequences by disregarding, combining or recharacterising any step or part of the arrangement; treating the arrangement as if not entered into or otherwise altering its treatment to prevent the tax benefit; treating or disregarding accommodating parties; deeming connected persons as one; reallocating accruals, receipts or expenditures among parties; and recharacterising equity and capital as debt or revenue where appropriate. en-us Fri, 17 Sep 2010 10:28:05 +0530 Fri, 17 Sep 2010 10:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11778 A general anti-avoidance rule allows the tax authority to declare an impermissible avoidance arrangement and to determine its tax consequences by disregarding, combining or recharacterising any step or part of the arrangement; treating the arrangement as if not entered into or otherwise altering its treatment to prevent the tax benefit; treating or disregarding accommodating parties; deeming connected persons as one; reallocating accruals, receipts or expenditures among parties; and recharacterising equity and capital as debt or revenue where appropriate. Act-Rules Bills Fri, 17 Sep 2010 10:28:05 +0530 https://www.taxtmi.com/acts?id=11778