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    <title>Implementation of General Anti Avoidance Rule (GAAR)</title>
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    <description>Announcement that the General Anti Avoidance Rule (GAAR) will be implemented from the next financial year; GAAR provisions are located in Chapter XA and Section 144BA of the Income tax Act; implementing rules have been notified; a statutory panel will be constituted and practical implementation guidelines will be issued.</description>
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