https://www.taxtmi.com/news?id=1163 General Anti-Avoidance Rule covers arrangements aimed at obtaining a tax benefit that are not at arm's length, misuse Code provisions, lack commercial substance, or are not employed for bona fide business purposes; the Commissioner may require information, follow natural justice, declare arrangements impermissible, determine tax consequences by disregarding or recharacterising the arrangement, and issue binding directions to the Assessing Officer. en-us Tue, 15 Jun 2010 22:38:35 +0530 Tue, 15 Jun 2010 22:38:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1163 General Anti-Avoidance Rule covers arrangements aimed at obtaining a tax benefit that are not at arm's length, misuse Code provisions, lack commercial substance, or are not employed for bona fide business purposes; the Commissioner may require information, follow natural justice, declare arrangements impermissible, determine tax consequences by disregarding or recharacterising the arrangement, and issue binding directions to the Assessing Officer. News - Tue, 15 Jun 2010 22:38:35 +0530 https://www.taxtmi.com/news?id=1163