Section 178 — CHAPTER XI

GENERAL ANTI-A VOIDANCE RULE Applicability of General Anti-Avoidance Rule

Old Act equivalent: Section 92CA of IT Act 1961 Sub-part: Transfer Pricing

Statutory Text

(1) Irrespective of anything contained in this Act, an arrangement entered
into by an assessee may be declared to be an impermissible avoidance ar - rangement and the consequence in relation to tax arising from it may be determined subject to the provisions of this Chapter. (2) The provisions of this Chapter may be applied to any step in, or a part of, the arrangement as they are applicable to the arrangement. Impermissible avoidance arrangement.

None.

None.

None.

To be updated.