https://www.taxtmi.com/acts?id=49182 Clause 184 frames core definitions for the General Anti-Avoidance Rule: an accommodating party is one whose main purpose in an arrangement is to obtain a tax benefit for the assessee; arrangement covers any step, transaction, scheme or understanding including alienation of property; fund, asset, benefit and step are broadly defined. The clause defines connected person and relative relationships, sets objective tests for when a person has a substantial interest in a business, and defines tax benefit to include reductions, avoidance, deferral or increased refunds of tax under the Act or tax treaties, plus reductions in total income or increases in loss. en-us Fri, 14 Feb 2025 17:28:29 +0530 Fri, 14 Feb 2025 17:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49182 Clause 184 frames core definitions for the General Anti-Avoidance Rule: an accommodating party is one whose main purpose in an arrangement is to obtain a tax benefit for the assessee; arrangement covers any step, transaction, scheme or understanding including alienation of property; fund, asset, benefit and step are broadly defined. The clause defines connected person and relative relationships, sets objective tests for when a person has a substantial interest in a business, and defines tax benefit to include reductions, avoidance, deferral or increased refunds of tax under the Act or tax treaties, plus reductions in total income or increases in loss. Act-Rules Bills Fri, 14 Feb 2025 17:28:29 +0530 https://www.taxtmi.com/acts?id=49182