GAAR applies to an arrangement where the main purpose is to obtain a tax benefit, and which, among others, lacks commercial substance. Photo: Hemant Mishra/Mint

The balancing act that is GAAR

4 min read . 22 Oct 2017
Participatory notes (P-Notes) have been long vilified for the anonymous nature of their investors and suspected as a route for money laundering. Photo: Hemant Mishra/Mint

P-Notes make a comeback under GAAR

2 min read . 13 Apr 2017
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