law: The Income-Tax Act, 1961
  99. Treatment of connected person and accommodating party.-
  For the purposes of this Chapter, in determining whether a tax benefit exists,-
  (i) the parties who are connected persons in relation to each other may be treated as one and the same person;
  (ii) any accommodating party may be disregarded;
  (iii) the accommodating party and any other party may be treated as one and the same person;
  (iv) the arrangement may be considered or looked through by disregarding any corporate structure.