Treatment of connected person and accommodating party.

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....me person; (ii) any accommodating party may be disregarded; (iii) the accommodating party and any other party may be treated as one and the same person; (iv) the arrangement may be considered or looked through by disregarding any corporate structure.]     *************** NOTES:- 1.  Substituted vide Section 21 of the Finance Act 1964 w.e.f. 01-04-1964 be....

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....s share in the profits and gains of the firm computed in the manner laid down in section 67 on which 1[super-tax is payable by the firm]; (ii) if the assessee is a member of an association of persons or any other body of individuals, any portion of the amount which he is entitled to receive from the association or body, on which super-tax has already been paid by the association or body, as the ....

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....odities." 4.  Inserted vide Section 41 of the Finance Act 2012 w.e.f. 01-04-2014 5.  Omitted vide Section 25 of the Finance Act, 2013 w.e.f. 01-04-2014 before it was read as, "4[99. Treatment of connected person and accommodating party.-For the purposes of this Chapter, in determining whether a tax benefit exists- (i) the parties wh....