Supreme Court Clarifies the Co-existence of GAAR and SAAR in India’s Tax Jurisprudence

The Supreme Court of India’s decision on the interaction between GAAR (General Anti-Avoidance Rule) and SAAR (Specific Anti-Avoidance Rule) provided crucial clarification on the scope and application of both rules in combating tax avoidance. The court’s ruling balances the broad and overarching nature of GAAR with the specific provisions of SAAR, ensuring that tax avoidance […]