Global Investors Oppose Indian Income Tax's Use of JAAR
International investors have expressed concerns about the Indian Income-tax authorities invoking the judicial anti-avoidance rule (JAAR). They raised these issues during a recent meeting with the Central Board of Direct Taxes (CBDT). Investors argue that using JAAR to deny relief on grandfathered shares contradicts earlier CBDT regulations. The legal status of both GAAR and JAAR remains complex due to Supreme Court rulings.
Economic Times·


