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    <title>Modified Provisions of General Anti-Avoidance Rules(GAAR) to Come into Effect from 1ST April, 2016</title>
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    <description>Modification of General Anti-Avoidance Rules to take effect on 1 April 2016 is proposed in the Finance Bill 2013, incorporating Government decisions announced following an expert committee review and stakeholder consultations into the Income-Tax Act; the modified provisions preserve the basic thrust and purpose of GAAR.</description>
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