In addition to GAAR there also exists SAAR which specifically aim at certain arrangements of tax avoidance. What is the full name of "SAAR"?

CS Executive · Tax Laws and Practice · PYQS · June 2021
In addition to GAAR there also exists SAAR which specifically aim at certain arrangements of tax avoidance. What is the full name of "SAAR"?
(A) Specific Anti-Avoidance Rules
(B) Simple Anti-Avoidance Rules
(C) Search Anti-Avoidance Rules
(D) Search Authority of Advance Ruling

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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