https://www.taxtmi.com/acts?id=45024 The provision allows denial of treaty benefits where the main purpose of a resident's creation or a transaction was to obtain treaty benefits. Article 7 of the MLI-the Principal Purposes Test-supersedes incompatible treaty text and provides that a benefit shall not be granted if it is reasonable to conclude obtaining the benefit was one of the principal purposes of the arrangement or transaction, unless granting the benefit aligns with the object and purpose of the relevant treaty provision. en-us Wed, 16 Oct 2024 17:57:51 +0530 Tue, 22 Oct 2024 12:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45024 The provision allows denial of treaty benefits where the main purpose of a resident's creation or a transaction was to obtain treaty benefits. Article 7 of the MLI-the Principal Purposes Test-supersedes incompatible treaty text and provides that a benefit shall not be granted if it is reasonable to conclude obtaining the benefit was one of the principal purposes of the arrangement or transaction, unless granting the benefit aligns with the object and purpose of the relevant treaty provision. Act-Rules DTAA Wed, 16 Oct 2024 17:57:51 +0530 https://www.taxtmi.com/acts?id=45024