How to interpret Pranab's GAAR clarification
Aseem Chawla, Tax Partner at Amarchand Mangaldas and Uday Ved, Head of Tax at KPMG India speak about the possible interpretations of Pranab Mukherjee's statement on General Anti-Avoidance Rules or GAAR. According to Chawla, a more detailed circular needs to be sent on the matter as the current statement does not have legal credence.
