A
Both 1 and 2
B
2 only
C
Neither 1 nor 2
D
1 only
Correct answer: (a) Both 1 and 2
Explanation
Both statements are correct. Statement 1 accurately defines the Principal Purpose Test as an anti-abuse rule against treaty shopping. Statement 2 is correct because the PPT stems from OECD BEPS Action 6 and is incorporated into revised DTAAs such as the India-Mauritius tax treaty framework.
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