May 07, 2026
Submitted By: Shristi Rajput
Circular No.7/2017 Clarification on implementation of GAAR provision of income tax act
Circular No. 7/2017 clarifies the implementation of General Anti-Avoidance Rules (GAAR) provisions under the Income-tax Act. It provides guidance on the applicability of GAAR, grandfathering of investments, interaction with tax treaties, and procedural safeguards to prevent misuse while targeting impermissible tax avoidance arrangements.
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