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GAAR draft rules caught in row: PM says not seen

Saturday - Jun 30, 2012, 01:45pm (GMT+5.5)
[+] Text [-]

GAAR draft rules caught in row: PM says not seenNew Delhi - The draft guidelines issued by the finance ministry on General Anti-Avoidance Rules (GAAR) on Friday appeared to have got caught in a controversy with Prime Minister Manmohan Singh distancing himself by saying that he had not approved these.

Barely 12 hours after the guidelines were issued by the finance ministry, which is under Manmohan Singh's direct charge now, the Prime Minister's Office (PMO) issued a statement this morning asserting that a final call on GAAR will be taken by the Prime Minister after proper feedback.

"These (draft guidelines) have not been seen by the Prime Minister and will be finalised with the approval of the Prime Minister, who holds the Finance portfolio, only after considering the feedback received," the PMO release said.





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