New Zealand Supreme Court Ruling in Frucor Suntory - Some Learnings for applying Indian GAAR

International Tax Journal of the Chamber of Tax Consultants, March 2023

11 Pages Posted: 13 Sep 2023

Date Written: August 25, 2023

Abstract

The Indian General Anti-avoidance Rules (GAAR) is of recent vintage and litigation around the same is yet to reach the courts. Foreign jurisprudence on tax avoidance could provide interesting insights, at least until courts in India deal with the provisions in the Indian law. The New Zealand Supreme Court recently decided on tax avoidance in Frucor Suntory [2022] NZSC 113. The ruling could have some lessons in understanding the Indian GAAR in Chapter X-A of the Income-tax Act, 1961 though the GAARs of the two countries are markedly different in their structure and design. This piece attempts to identify some straws in the wind from this latest ruling from the Apex Court in New Zealand and draw parallels which may be useful in the application of the Indian GAAR.

Keywords: tax avoidance, general anti-avoidance rules

JEL Classification: K34

Suggested Citation

Rajgopalan, Ganesh, New Zealand Supreme Court Ruling in Frucor Suntory - Some Learnings for applying Indian GAAR (August 25, 2023). International Tax Journal of the Chamber of Tax Consultants, March 2023, Available at SSRN: https://ssrn.com/abstract=4551672 or http://dx.doi.org/10.2139/ssrn.4551672

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