https://www.taxtmi.com/acts?id=15047 A resident of a Contracting State shall not be entitled to the benefits of the Agreement if its affairs were arranged so that obtaining the Agreement's advantages was the main purpose or one of the main purposes; this covers legal entities that do not have bona fide business activities and such entities may be denied treaty benefits on that basis. en-us Tue, 30 Aug 2011 13:10:21 +0530 Tue, 26 Nov 2024 17:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15047 A resident of a Contracting State shall not be entitled to the benefits of the Agreement if its affairs were arranged so that obtaining the Agreement's advantages was the main purpose or one of the main purposes; this covers legal entities that do not have bona fide business activities and such entities may be denied treaty benefits on that basis. Act-Rules DTAA Tue, 30 Aug 2011 13:10:21 +0530 https://www.taxtmi.com/acts?id=15047