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Final GAAR guidelines largely look balanced: Ketan Dalal

PUBLISHED ON: January 15, 2013 | Duration: 14 min, 32 sec

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Ketan Dalal, joint leader, Tax and Regulatory Services, PwC India, talks about two specific things with regards to the GAAR final rules. First, he lists the positive part: GAAR will be applied only if tax avoidance is the 'main purpose' rather than 'one of the purposes'. His second observation: the nearly absolute power given to the tax panel while deciding applicability of GAAR could be tricky in case of disputes.
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