Section 99 of Income Tax Act "Treatment of connected person and accommodating party"
Section 99. 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.
Section 100 of Income Tax Act "Application of this Chapter"
Section 100. The provisions of this Chapter shall apply in addition to, or in lieu of, any other basis for determination of tax liability.
Section 101 of Income Tax Act "Framing of guidelines"
Section 101. The provisions of this Chapter shall be applied in accordance with such guidelines and subject to such conditions, as may be prescribed.