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Ruling
Subject: Part IVA of the Income Tax Assessment Act 1936
The Commissioner was asked to rule on the following issue:
Question
Will the Commissioner make a determination pursuant to Part IVA of the ITAA 1936 to cancel any tax benefit obtained under section 177C or section 177CA of the ITAA 1936, or that would, but for section 177F of the ITAA 1936 be obtained, in connection with the schemes defined herein?
Answer
No.