https://www.taxtmi.com/manuals?id=4445 An arrangement lacks commercial substance where it does not materially affect business risks or net cash flows apart from the tax advantage sought. The term tax benefit is broadly defined to include reduction, avoidance or deferral of tax or other amounts, increase in refund, treaty-based advantages, reduction in total income, and increase in loss, and may cover tangible or intangible benefits arising in the relevant or any other year. en-us Tue, 23 Jan 2024 18:10:00 +0530 Fri, 10 Jul 2026 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4445 An arrangement lacks commercial substance where it does not materially affect business risks or net cash flows apart from the tax advantage sought. The term tax benefit is broadly defined to include reduction, avoidance or deferral of tax or other amounts, increase in refund, treaty-based advantages, reduction in total income, and increase in loss, and may cover tangible or intangible benefits arising in the relevant or any other year. Manuals Income Tax Tue, 23 Jan 2024 18:10:00 +0530 https://www.taxtmi.com/manuals?id=4445