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of <h1>Tax Authorities Gain Power to Disregard Artificial Transaction Structures Involving Connected Persons Under Clause 182</h1> Concise Legal Summary:The document analyzes Clause 182 of the Income Tax Bill, 2025, addressing tax avoidance strategies involving connected persons and accommodating parties. The provision empowers tax authorities to disregard artificial transaction structures by treating related entities as a single person, neutralizing arrangements designed solely to obtain tax benefits. Virtually identical to Section 99 of the Income-tax Act, 1961, the clause aims to ensure transactions' economic substance prevails over legal form, providing tax authorities robust mechanisms to challenge complex tax planning strategies while maintaining procedural safeguards against arbitrary application.
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