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[Cites 0, Cited by 0] [Section 115VZC] [Entire Act]

Union of India - Subsection

Section 115VZC(2) in The Income Tax Act, 1961

(2)The provisions of this section shall not apply where the company shows to the satisfaction of the Assessing Officer that the transaction or arrangement was a bona fide commercial transaction and had not been entered into for the purpose of obtaining tax advantage under this Chapter.