GAAR

The income-tax authorities have challenged at least half a dozen corporate restructurings such as mergers and acquisitions at the National Company Law Tribunal (NCLT), citing possible violation of the General Anti-Avoidance Rules (GAAR),…

The revenue department has launched investigations under the anti-tax avoidance law, General Anti-avoidance Rule (GAAR), into companies and entities that may have used methods to avoid paying taxes. A Hyderabad-based company, Ekge Retail,…