https://www.taxtmi.com/manuals?id=2877 GAAR applies to arrangements or individual steps that constitute an impermissible avoidance arrangement, allowing tax consequences to be determined notwithstanding other provisions. An arrangement is impermissible where its main purpose is to obtain a tax benefit and it creates non-arm's length rights or obligations, misuses the Act, lacks commercial substance, or is carried out by means not ordinarily used for bona fide purposes. Where applicable, authorities may disregard, combine, recharacterise, or look through arrangements and deny tax or treaty benefits, subject to stated exceptions and procedural safeguards. en-us Thu, 15 Jun 2023 18:26:00 +0530 Wed, 08 Jul 2026 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2877 GAAR applies to arrangements or individual steps that constitute an impermissible avoidance arrangement, allowing tax consequences to be determined notwithstanding other provisions. An arrangement is impermissible where its main purpose is to obtain a tax benefit and it creates non-arm's length rights or obligations, misuses the Act, lacks commercial substance, or is carried out by means not ordinarily used for bona fide purposes. Where applicable, authorities may disregard, combine, recharacterise, or look through arrangements and deny tax or treaty benefits, subject to stated exceptions and procedural safeguards. Manuals Income Tax Thu, 15 Jun 2023 18:26:00 +0530 https://www.taxtmi.com/manuals?id=2877