Cap. 123 Art. 19Group relief anti- avoidance.

If, apart from this article, a company is a member of a group of companies, and arrangements are in existence the sole or main purpose of which is to reduce any company’s tax liability, and by virtue of the said arrangements that company would cease to be a member of that group of companies, then that company shall be treated as not being a member of that group of companies for any year preceding a year of assessment in which the said arrangements are in existence.