Amendment status not verified — confirm the current text below against the official source.
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.