In accordance with ITA$245(2),$ if a transaction is deemed to be an avoidance transaction under the general$$ anti$-$avoidance rules$($GAAR$),$ which of the following will$$ happen?

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Part $1$

A$.$

The tax return preparer will be subject to a$$ $$100$ penalty.

B$.$

A penalty of$50\%$ of the underpaid tax on the transaction will be assessed.

C$.$

The taxpayer will face imprisonment for a period not exceeding $2$ years.

D$.$

The taxpayer will be denied the tax benefit that arose from the avoidance transaction.