{"id":3823,"date":"2018-03-01T13:59:38","date_gmt":"2018-03-01T08:29:38","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=3823"},"modified":"2018-03-01T13:59:38","modified_gmt":"2018-03-01T08:29:38","slug":"section-96-impermissible-avoidance-arrangement","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/income-tax-act-1961\/section-96-impermissible-avoidance-arrangement\/","title":{"rendered":"Section &#8211; 96 : Impermissible avoidance arrangement"},"content":{"rendered":"<p>96.(1)An impermissible avoidance arrangement means an arrange- ment, the main purpose of which is to obtain a tax benefit, and it\u2014<\/p>\n<p>(a) creates rights, or obligations, which are not ordinarily created between persons dealing at arm&#8217;s length;<\/p>\n<p>(b) results, directly or indirectly, in the misuse, or abuse, of the provisions of this Act;<\/p>\n<p>(c) lacks commercial substance or is deemed to lack commercial substance under section 97, in whole or in part; or<\/p>\n<p>(d) is entered into, or carried out, by means, or in a manner, which are not ordinarily employed for bona fide purposes.<\/p>\n<p>(2) An arrangement shall be presumed, unless it is proved to the contrary by the assessee, to have been entered into, or carried out, for the main purpose of obtaining a tax benefit, if the main purpose of a step in, or a part of, the arrangement is to obtain a tax benefit, notwithstanding the fact that the main purpose of the whole arrangement is not to obtain a tax benefit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>96.(1)An impermissible avoidance arrangement means an arrange- ment, the main purpose of which is to<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3062,446],"tags":[],"yst_prominent_words":[3002,3070,2047,3074,3069,3075,3067,3068,3072,3065,3064,3071,3073,306,3066,1967],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/3823"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=3823"}],"version-history":[{"count":0,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/3823\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=3823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=3823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=3823"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=3823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}