Taxman's JAARing move opens fresh debate over Mauritius treaty
The recent invocation of JAAR, a GAAR-type tool in the armoury of the taxman, in a certain case has stunned many. Even though technically the tax department has the power to invoke JAAR, the recent move was entirely unforeseen following the CBDT assurance and subsequent change in the law to spare grandfathered shares from GAAR.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
