Q. What are the General Anti-Avoidance Rules?
Answer: GAAR is a set of rules aimed at curbing aggressive tax planning
Notes: General Anti-Avoidance Rule or GAAR is a broad set of rules aimed at curbing aggressive tax planning. These rules will empower tax authorities to disregard any arrangement if its main purpose is to obtain tax benefit. The arrangement as a whole or in part may be disregarded and tax benefit denied.

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