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Introduction of retrospective tax, GAAR a tactical mistake: Adi Godrej

PUBLISHED ON: May 15, 2012 | Duration: 1 min, 31 sec

  
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CII President and Godrej Group Chairman Adi Godrej has said that the government has made a strategic and tactical mistake by introducing retrospective tax changes and the General Anti Avoidance Rules or GAAR provisions in the Budget. Speaking on NDTV's show We Mean Business, he said that all good points of the Budget were forgotten as the tax changes led to a lot of negative sentiment about the Indian economy.
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