Panel to hear taxpayer before invoking GAAR under new set of rules1 min read . Updated: 19 Sep 2019, 12:21 AM IST
- New rules mandate officials to refer a suspected case of tax avoidance to a panel of senior officials
- The Income Tax (8th Amendment) Rules, 2019 specify how tax officials should refer a suspected case of tax avoidance to a panel of senior officials and what should be the role of the panel
NEW DELHI : The Central Board of Direct Taxes (CBDT) has laid down fresh rules to classify certain corporate transactions as tax avoidance schemes under the General Anti-Avoidance Rules (GAAR), which had come into force in April 2017.
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