https://www.taxtmi.com/manuals?id=4436 Impermissible avoidance arrangements may trigger tax consequences designed to neutralise the tax effect of the arrangement, including denial of a tax benefit or treaty benefit. The anti-avoidance framework allows disregard, combination, or recharacterisation of steps or the whole arrangement, treatment of the arrangement as not entered into, disregard of accommodating parties, deeming of connected persons as one person, reallocation of accruals, receipts, expenditure, deductions, reliefs, or rebates, reassessment of residence or situs, and looking through corporate structures. It also permits equity-debt and capital-revenue recharacterisation. en-us Tue, 23 Jan 2024 15:03:00 +0530 Mon, 13 Jul 2026 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4436 Impermissible avoidance arrangements may trigger tax consequences designed to neutralise the tax effect of the arrangement, including denial of a tax benefit or treaty benefit. The anti-avoidance framework allows disregard, combination, or recharacterisation of steps or the whole arrangement, treatment of the arrangement as not entered into, disregard of accommodating parties, deeming of connected persons as one person, reallocation of accruals, receipts, expenditure, deductions, reliefs, or rebates, reassessment of residence or situs, and looking through corporate structures. It also permits equity-debt and capital-revenue recharacterisation. Manuals Income Tax Tue, 23 Jan 2024 15:03:00 +0530 https://www.taxtmi.com/manuals?id=4436