Gaar is subjective & gives arbitrary powers to tax authorities Written by General Anti-avoidance Rules (Gaar) is now part of Indian IT Act. We should move cautiously and ensure that growth and investment in the country is not held ransom to the subjective nature of the instrument. Gaar provisions, in their... Read More about Gaar is subjective & gives arbitrary powers to tax authorities Domestic Economy GAAR, india, reforms, tax 1 Comment