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

Chapter III : General Provisions

Part IIA

80F. Treatment of connected persons and accommodating or tax-indifferent parties
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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.