https://www.taxtmi.com/acts?id=17935 An impermissible avoidance arrangement is one whose main purpose is to obtain a tax benefit and which (a) creates rights or obligations not ordinarily created between persons dealing at arm's length; (b) results in misuse or abuse of the Act's provisions; (c) lacks commercial substance or is deemed to lack it under section 97; or (d) is entered into or carried out by means not ordinarily employed for bona fide purposes. A presumption requires the assessee to disprove that any step primarily aimed to obtain a tax benefit. en-us Wed, 22 May 2013 12:20:53 +0530 Thu, 28 Aug 2025 14:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17935 An impermissible avoidance arrangement is one whose main purpose is to obtain a tax benefit and which (a) creates rights or obligations not ordinarily created between persons dealing at arm's length; (b) results in misuse or abuse of the Act's provisions; (c) lacks commercial substance or is deemed to lack it under section 97; or (d) is entered into or carried out by means not ordinarily employed for bona fide purposes. A presumption requires the assessee to disprove that any step primarily aimed to obtain a tax benefit. Act-Rules Income Tax Wed, 22 May 2013 12:20:53 +0530 https://www.taxtmi.com/acts?id=17935