GAAR (General Anti Avoidance Rules) The voice for further deferment of GAAR (General Anti-Avoidance Rule) has been rising in decibel. Apart from industry bodies many other groups have represented to the Finance Minister that the Indian tax administration is not mature enough to handle a sensitive tool like GAAR. And if it is implemented it may hurt the fragile investment climate in the country. But, how justified is such a demand. TIOL Managing Editor speaks to a cross-section of professionals such as Mr M S Syali, a noted Advocate, Supreme Court of India; Mr G C Srivastava, an Advocate and former Director General (International Taxation), CBDT; Mr D P Sengupta, Consulting Editor, www.taxindiainternational.com and former Joint Secretary, TPL, CBDT and also the Revenue Secretary, Mr Shaktikanta Das.