CBDT Clarifies the Applicability of GAAR Grandfathering on Income from Transfer of Investments Acquired Prior to 1 April 2017

CBDT has issued a notification dated 31 March 2026 (Notification), providing a significant clarification on the non-applicability of General Anti-Avoidance Rules (GAAR) with respect to income arising from the transfer of an investment that was made prior to 1 April 2017.