https://www.taxtmi.com/acts?id=16766 Limitation of benefits preserves domestic anti avoidance measures and denies treaty relief where the main purpose of creating a resident or undertaking a transaction is to obtain treaty benefits. The provision covers legal entities without bona fide business activities. If benefits are denied under this Article, the competent authority of the State applying the denial shall notify the competent authority of the other Contracting State. en-us Tue, 31 Jul 2012 12:00:48 +0530 Sat, 16 Nov 2024 13:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16766 Limitation of benefits preserves domestic anti avoidance measures and denies treaty relief where the main purpose of creating a resident or undertaking a transaction is to obtain treaty benefits. The provision covers legal entities without bona fide business activities. If benefits are denied under this Article, the competent authority of the State applying the denial shall notify the competent authority of the other Contracting State. Act-Rules DTAA Tue, 31 Jul 2012 12:00:48 +0530 https://www.taxtmi.com/acts?id=16766