Tiger Global ruling concerns: CBDT exempts pre-FY18 investments from Gaar - Business Standard

In a move to boost investor confidence and provide certainty, the Central Board of Direct Taxes (CBDT) on March 31, 2026, amended General Anti-Avoidance Rules (Gaar) in both old and new income-tax rules. The notification makes it clear that Gaar will not apply to income arising from the transfer of investment made before April 1, 2017, irrespective of when a sale or exit occurred. In the Income-Ta…