Clause 182 - Treatment of connected person and accommodating party. - Income Tax Bill, 2025

Treatment of connected person and accommodating party. 182. In this Chapter, in determining whether a tax benefit exists, (a) the parties who are connected persons in relation to each other may be treated as one and the same person; (b) any accommodating party may be disregarded; (c) the accommodating party and any other party may be treated as one and the same person; (d) the arrangement may be considered or looked through by disregarding any corporate structure.