"There is no distancing (from the GAAR issue). I would call that a clarification. It is not true that we are rushing the GAAR guidelines in a hurry," Ahluwalia said.
Following protests from foreign and domestic investors, the government had postponed the implementation of the General Anti Avoidance Rules (GAAR) by one year till April 1, 2013.
Former Finance Minister Pranab Mukherjee had proposed GAAR in his budget this year to check tax evasion.
In order to seek public comments, the Finance Ministry has recently come out with draft guidelines for GAAR. However soon after that, the PMO said in a statement that Prime Minister Manmohan Singh has not seen the draft.
"Comments will be received and the Prime Minister will actually see what should be done based on comments received on the draft guidelines that have been released," Ahluwalia told CNBC-TV 18.
He was apparently replying to reaction to his earlier comments in which he acknowledged GAAR was going to create a problem. He had also said that all uncertainties amongst the investors will be resolved.
