S.L. 123.210 Art. 6Anti-abuse provisions.

(1) Without prejudice to the provisions of article 51

of the Act and of any other anti-tax avoidance provisions under the Income Tax Acts, where any eligible main applicant is in a position to obtain an undue advantage which has the effect of reducing his liability to tax in a manner which is not reconcilable with the objective and purpose of these rules, the Commissioner shall determine the relevant liability to tax in such manner and in such amount as may be necessary so as to nullify any such benefit or advantage.

(2) The provisions of sub-rule (1) shall apply without prejudice to any other provisions in any other law as well as any administrative action thereunder, penalizing situations involving tax abuse practices.