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How to interpret Pranab's GAAR clarification

PUBLISHED ON: April 2, 2012 | Duration: 9 min, 03 sec

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Aseem Chawla, Tax Partner at Amarchand Mangaldas and Uday Ved, Head of Tax at KPMG India speak about the possible interpretations of Pranab Mukherjee's statement on General Anti-Avoidance Rules or GAAR. According to Chawla, a more detailed circular needs to be sent on the matter as the current statement does not have legal credence.
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