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Article 29 - Limitation of Benefits - UAEExtract 1 29. 'Limitation of Benefits' An entity which is a resident of a Contracting State shall not be entitled to the benefits of this Agreement if the main purpose or one of the main purposes of the creation of such entity was to obtain the benefits of this Agreement that would not be otherwise available. The cases of legal entities not having bonafide business activities shall be covered by this Article. ---------------------------- Note : 1. Above Article on 'Limitation of Benefits' (Article 29) has been included in the Agreement vide Notification No. 282/2007 dated 28/11/2007 Income tax . (w.e.f. 1st day of April, 2008)
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