Explain in brief whether in the following independent cases, will GAAR provisions apply. (i) If arrangement is sanctioned by an authority such as Court, NCLT or is in accordance with judicial precedents etc. ?
CS Professional · Advanced Direct Tax Laws and Practice · PYQS · June 2026
Explain in brief whether in the following independent cases, will GAAR provisions apply. (i) If arrangement is sanctioned by an authority such as Court, NCLT or is in accordance with judicial precedents etc. ?
Answer & Explanation:
Where the Court has explicitly and adequately considered the tax implications while sanctioning the arrangement, GAAR will not apply to such arrangement.
Topics: General Anti-Avoidance Rule (GAAR)
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