General anti-avoidance rule

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... step in, or a part or whole of, the impermissible avoidance arrangement; (b) treating the impermissible avoidance arrangement- (i) as if it had not been entered into or carried out; or (ii) in such other manner as in the circumstances of the case the Commissioner deems appropriate for the prevention or diminution of the relevant tax benefit. (c) treating parties who are connected perso....