Quote by Khaitan & Co. on GAAR

“Very credible and serious clarifications by the Government covering some of the most practical situations often faced by businesses / investors.  It will help in a fair administration of GAAR provisions while providing clarity to tax advisors and taxpayers and avoiding uncertainty and anxiety.  A good attempt by Government demonstrating its seriousness to have clarity and certainty in tax laws specially in such highly sophisticated anti-avoidance rules which inherently will have some subjectivity.”

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