https://www.taxtmi.com/manuals?id=4432 An impermissible avoidance arrangement exists where the main purpose is to obtain a tax benefit and the arrangement exhibits one or more tainted elements: non arm's length rights or obligations; misuse or abuse of the Act; lack of commercial substance (or deemed lack); or non bona fide methods. A rebuttable presumption treats a step or part of an arrangement entered into for a tax benefit as establishing the main purpose. Tax benefit covers reduction, avoidance or deferral of tax, increases in refunds, treaty based effects, reductions in total income, and increases in loss. en-us Fri, 19 Jan 2024 17:28:00 +0530 Fri, 19 Jan 2024 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4432 An impermissible avoidance arrangement exists where the main purpose is to obtain a tax benefit and the arrangement exhibits one or more tainted elements: non arm's length rights or obligations; misuse or abuse of the Act; lack of commercial substance (or deemed lack); or non bona fide methods. A rebuttable presumption treats a step or part of an arrangement entered into for a tax benefit as establishing the main purpose. Tax benefit covers reduction, avoidance or deferral of tax, increases in refunds, treaty based effects, reductions in total income, and increases in loss. Manuals Income Tax Fri, 19 Jan 2024 17:28:00 +0530 https://www.taxtmi.com/manuals?id=4432