For the purposes of this Chapter, in determining whether a tax benefit exists,-
(i) the parties who are connected persons in relation to each other may be treated as one and the same 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.
Section 93 Avoidance of income-tax by transactions resulting in transfer of income to non- residents
Section 94 Avoidance of tax by certain transactions in securities
Section 94B Limitation on interest deduction in certain cases
Section 95 Applicability of General Anti-Avoidance Rule
Section 96 Impermissible avoidance arrangement
Section 97 Arrangement to lack commercial substance
Section 98 Consequences of impermissible avoidance arrangement
Section 99 Treatment of connected person and accommodating party