alleryStart learning →A party is an accommodating party if it mainly helps to:
AAudit the assessee's books
BEarn a fixed commission
CGet the assessee a tax benefit
DSupply working capital
Answer & Solution
Correct answer: C. Get the assessee a tax benefit
Section 97(3) defines an accommodating party by the main purpose of its participation, which is a tax benefit for the assessee.
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