Definition of step under GAAR clarifies that measures and sequential actions within arrangements fall within statutory scope. Definition of step for Chapter X-A (General anti-avoidance rule) encompasses any measure or action and, in particular, any step in a series taken to deal with or to achieve a specific object within an arrangement, thereby covering both singular acts and sequential measures forming part of a transactional design.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definition of step under GAAR clarifies that measures and sequential actions within arrangements fall within statutory scope.
Definition of step for Chapter X-A (General anti-avoidance rule) encompasses any measure or action and, in particular, any step in a series taken to deal with or to achieve a specific object within an arrangement, thereby covering both singular acts and sequential measures forming part of a transactional design.
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