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3. For Pt IVA ITAA 36 to apply, which element is critical? a. There must be a taxpayer involved. b. There must be a scheme

3.

For Pt IVA ITAA 36 to apply, which element is critical?

a. There must be a taxpayer involved.

b. There must be a scheme entered into, with sole or dominant purpose of obtaining a tax benefit.

c. There must be a benefit.

d. There must be income or deductions involved.

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