Abstract
The Indian Tax Law regime has moved from a complex array of rules and regulations to much simplified arrangement. This transformation is telling in the context of recent set of reforms and the introduction of GAAR as an all encompassing anti avoidance provision. There were several trigger points which initiated these reforms, the most controversial being the famous Vodafone ruling. The author examines the viability of the GAAR in the modern Indian tax law scenario by broadly focussing on the general anti avoidance regulations and the retrospective amendment relating to indirect transfer. The article thoroughly and illustratively examines the various permutations and combinations of instances where GAAR may be applied or withheld and provides for ideal situations where other alternatives may be examined as substitutes for the same.
Recommended Citation
Talreja, Anil
(2013)
"Changing Tax Reforms in India - What Next,"
National Law School of India Review: Vol. 24:
Iss.
2, Article 6.
Available at:
https://repository.nls.ac.in/nlsir/vol24/iss2/6
