Union finance minister Arun Jaitley said on Wednesday the General Anti Avoidance Rules (GAAR) were being revisited and that a decision would be taken soon. “Whether in the present shape or in another shape, we will take a decision soon,” Jaitley said at the Indian Express’ ‘Adda’ programme, adding that the date of GAAR coming into force would also be looked at afresh.While commenting on how the government was working on trying to fix the Land Acquisition Act, Jaitley said if the navy wanted to set up a facility, it too would have to spend 5-10 years to acquire the land.

Source - http://www.financialexpress.com