https://www.taxtmi.com/acts?id=18923 Limitation of Benefits restricts treaty relief when the main purpose of creating a resident or undertaking a transaction is to obtain Agreement benefits; domestic provisions to prevent tax evasion remain applicable. Benefits are denied where one main purpose is to secure advantages under the Agreement, and the rule explicitly covers legal entities not having bona fide business activities. en-us Tue, 12 Aug 2014 13:49:46 +0530 Tue, 10 Dec 2024 17:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18923 Limitation of Benefits restricts treaty relief when the main purpose of creating a resident or undertaking a transaction is to obtain Agreement benefits; domestic provisions to prevent tax evasion remain applicable. Benefits are denied where one main purpose is to secure advantages under the Agreement, and the rule explicitly covers legal entities not having bona fide business activities. Act-Rules DTAA Tue, 12 Aug 2014 13:49:46 +0530 https://www.taxtmi.com/acts?id=18923