If the Commissioner
determines that an exempt relevant transaction is part of a scheme or
arrangement entered into, or carried out, by a person —
(a) for
a purpose of avoiding or reducing any liability of a person for duty; or
(b) for
the sole or dominant purpose of avoiding or reducing any liability of a person
for tax other than duty,
the Commissioner may
revoke the exemption for the transaction.
[Section 265 amended: No. 12 of 2019 s. 126.]