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[Cites 0, Cited by 0] [Section 179] [Entire Act]

Union of India - Subsection

Section 179(2) in The Income Tax Act, 2025

(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, irrespective of the fact that the main purpose of the whole arrangement is not to obtain a tax benefit.