This article discusses section 33 of the Income Tax Act, Introduced by the Income Tax (Amendment) Act 1988, repealing the old section. This is the new general anti-avoidance provision. This provision empowers the Comptroller of Inland Revenue to disregard, vary, or make such adjustments and has far-reaching implications for tax-planning. The article discusses the manner in which the section may operate in the light of case-law from other jurisdictions which have similar provisions.