https://www.taxtmi.com/acts?id=17937 If an arrangement is declared an impermissible avoidance arrangement, the tax consequences may be determined by recharacterising or disregarding steps or the whole arrangement, treating accommodating or connected parties as the same person, and reallocating accruals, receipts, expenditures, deductions, reliefs or rebates among parties. The provision also permits treating equity as debt (or vice versa), recharacterising capital and revenue receipts, altering residence or situs for tax purposes, and looking through corporate structures to determine substantive tax treatment. en-us Wed, 22 May 2013 12:24:26 +0530 Thu, 28 Aug 2025 14:11:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17937 If an arrangement is declared an impermissible avoidance arrangement, the tax consequences may be determined by recharacterising or disregarding steps or the whole arrangement, treating accommodating or connected parties as the same person, and reallocating accruals, receipts, expenditures, deductions, reliefs or rebates among parties. The provision also permits treating equity as debt (or vice versa), recharacterising capital and revenue receipts, altering residence or situs for tax purposes, and looking through corporate structures to determine substantive tax treatment. Act-Rules Income Tax Wed, 22 May 2013 12:24:26 +0530 https://www.taxtmi.com/acts?id=17937