CBDT Amends Rule 10U: GAAR Grandfathering Clarified for Pre-2017 Investments
CBDT amends Rule 10U via Notifications 54 and 55 of 2026 to clarify that GAAR will not apply to income from transfer of investments made before 1st April 2017, regardless of when gains are realised. Analysis of the Tiger Global context, foreign investor impact, and practical implications.