https://www.taxtmi.com/acts?id=49177 An impermissible avoidance arrangement is one whose main purpose is to obtain a tax benefit and which (a) creates non-arm's-length rights or obligations; (b) results in misuse or abuse of the Act; (c) lacks commercial substance or is deemed to lack it under section 180; or (d) is carried out by means not ordinarily used for bona fide purposes. A rebuttable presumption requires the assessee to disprove that a step or part of an arrangement with a main purpose of obtaining a tax benefit implies the whole arrangement was so entered into. en-us Fri, 14 Feb 2025 17:27:05 +0530 Fri, 14 Feb 2025 17:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49177 An impermissible avoidance arrangement is one whose main purpose is to obtain a tax benefit and which (a) creates non-arm's-length rights or obligations; (b) results in misuse or abuse of the Act; (c) lacks commercial substance or is deemed to lack it under section 180; or (d) is carried out by means not ordinarily used for bona fide purposes. A rebuttable presumption requires the assessee to disprove that a step or part of an arrangement with a main purpose of obtaining a tax benefit implies the whole arrangement was so entered into. Act-Rules Bills Fri, 14 Feb 2025 17:27:05 +0530 https://www.taxtmi.com/acts?id=49177