CHAPTER XI

GENERAL ANTI-AVOIDANCE RULE

Treatment of connected person and accommodating party.

182. In this Chapter, in determining whether a tax benefit exists,—

          (a) the parties who are connected persons in relation to each other may be treated as one and the same person;

          (b) any accommodating party may be disregarded;

          (c) the accommodating party and any other party may be treated as one and the same person;

          (d) the arrangement may be considered or looked through by disregarding any corporate structure.