In an interview to CNBC-TV18, Dinesh Kanabar, deputy CEO & chairman, Tax, KPMG tells that the entire controversy on P-Notes and applicability of GAAR is bit misplaced.
The market had a volatile session today. There was a slight pull back after clarifications from the finance ministry on P-notes issue. Nifty is 35 point up and close to 5200 mark.