Rule 131 sets the first steps once a General Anti Avoidance Rule reference reaches the Approving Panel: the Chairperson circulates it to members within seven days and gives the Assessing Officer and the assessee notice of the hearing date and place.
131
Rules 2026 · Rule 131
Procedure before Approving Panel (GAAR Approving Panel)
Rules 131-200
The steps (sub-rule 1). On receipt of a reference under rule 129, the Chairperson of the Approving Panel shall cause (a) the reference to be circulated among the other members within seven days from the date of receipt, and (b) a notice to be issued to both the Assessing Officer and the assessee, giving a reasonable opportunity of being heard and stating the date and place of the hearing.
Place of meetings (sub-rule 2). Meetings of the Approving Panel take place at such place as the Panel decides.