Explain briefly the provision of General Anti Avoidance Rule ('GAAR') in the following independent cases: (b) Where relief is available under double taxation avoidance agreement (DTAA), there will not be implication of G
CS Professional · Advanced Tax Laws · PYQS · June 2022
Explain briefly the provision of General Anti Avoidance Rule ('GAAR') in the following independent cases: (b) Where relief is available under double taxation avoidance agreement (DTAA), there will not be implication of GAAR.
Answer & Explanation:
The statement is incorrect as even in cases where relief is available under double taxation avoidance agreement (DTAA), the tax payer will still be continued to be monitored by the provision of GAAR by virtue of section 90(2A) of the Income tax Act, 1961.
Topics: International Taxation
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