1961Section 99

99. Treatment of connected person and accommodating party.

In the 2025 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

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.

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·