https://www.taxtmi.com/acts?id=51711 An arrangement lacks commercial substance where its substance or effect diverges from its form or where steps are undertaken primarily to obtain a tax benefit, including round trip financing, use of an accommodating party, offsetting elements, disguising value or control of funds, or locating assets or parties without substantive commercial purpose; round trip financing is defined broadly irrespective of traceability, timing, or means of transfers, and factors like duration, tax payments, or exit routes are relevant but not sufficient to establish substance. en-us Thu, 14 Aug 2025 11:21:59 +0530 Wed, 27 Aug 2025 18:07:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51711 An arrangement lacks commercial substance where its substance or effect diverges from its form or where steps are undertaken primarily to obtain a tax benefit, including round trip financing, use of an accommodating party, offsetting elements, disguising value or control of funds, or locating assets or parties without substantive commercial purpose; round trip financing is defined broadly irrespective of traceability, timing, or means of transfers, and factors like duration, tax payments, or exit routes are relevant but not sufficient to establish substance. Act-Rules Income Tax Thu, 14 Aug 2025 11:21:59 +0530 https://www.taxtmi.com/acts?id=51711