Income Tax Act, 1962 (Act No. 58 of 1962)

Chapter III : General Provisions

Purchase

For the purposes of applying section 80C or determining whether or not a tax benefit exists for purposes of this Part, the Commissioner may—

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

(b)	disregard any accommodating or tax-indifferent party or treat any accommodating or tax-indifferent party and any other party as one and the same person.