Duke of Westminster Lord Tomlin once said Every man is entitled to order his affairs so that the tax

attaching under the appropriate Acts is less than it otherwise would be. Tax avoidance like tax evasion, seriously undermines the achievements of the public finance objective of collecting revenues in an efficient, equitable and effective manner. Internationally, tax avoidance is a menace in many economies of the world, be it developed superpowers like the US, the European Union or developing world countries like China, India. GAAR stands for General Anti-Avoidance Rules, and has allegedly been introduced in India for VODAFONE case ruling in favor of this company by the Supreme Court. Indian tax laws, though providing for specific anti-avoidance measures, did not have any general anti-avoidance rules or regulations.