https://www.taxtmi.com/acts?id=15958 A General Anti-Avoidance Rule permits declaring an arrangement an impermissible avoidance arrangement when its main purpose is to obtain a tax benefit; such arrangements may be rebuttably presumed and, if so declared, may be addressed by disregarding, combining or recharacterising steps, treating parties as one, reallocating tax items, recharacterising equity or receipts, and looking through structures to reflect economic substance. en-us Fri, 16 Mar 2012 15:34:30 +0530 Fri, 16 Mar 2012 17:37:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15958 A General Anti-Avoidance Rule permits declaring an arrangement an impermissible avoidance arrangement when its main purpose is to obtain a tax benefit; such arrangements may be rebuttably presumed and, if so declared, may be addressed by disregarding, combining or recharacterising steps, treating parties as one, reallocating tax items, recharacterising equity or receipts, and looking through structures to reflect economic substance. Act-Rules Bills Fri, 16 Mar 2012 15:34:30 +0530 https://www.taxtmi.com/acts?id=15958