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Friday, June 29, 2012 - 20:39 IST
How far will GAAR go?
BY Roshan Thomas
Unless the final guidelines places additional and more stringent fetters on its invocation, given the extensive discretion granted to the tax authorities under the GAAR, the excessive tax and compliance burden will be worrisome.
The issuance of draft guidelines for the implementation of the General Anti Avoidance Rules (GAAR) for public comments (Draft Guidelines) has brought the much-discussed GAAR back into the spotlight. The GAAR was, initially proposed in the Direct Taxes...
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