Applicability of General Anti-Avoidance Rule.

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.... avoidance arrangement and the consequence in relation to tax arising therefrom may be determined subject to the provisions of this Chapter. ^7[(2) This Chapter shall apply in respect of any assessment year beginning on or after the 1st day of April, 2018.] Explanation.-For the removal of doubts, it is hereby declared that the provisions of this Chapter may be applied to any step in, or a pa....

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.... Explanation.-For the removal of doubts, it is hereby declared that the provisions of this Chapter may be applied to any step in, or a part of, the arrangement as they are applicable to the arrangement." 3.  Inserted vide Section 41 of the Finance Act 2012 w.e.f. 01-04-2014 4.  Omitted vide Section 25 of the Finance Act, 2013 w.e.f. 01-04-2014 bef....