Section 99 - Treatment of connected person and accommodating party. - Income-tax Act, 1961

1 [ 99. Treatment of connected person and accommodating party. - 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.] ----------------------------------- Notes: 1. Inserted vide Finance Act 2013, w.e.f. 1st day of April, 2016