Advance ruling application bars tax authorities from deciding issues while a resident's advance ruling request is pending. Clause 385 provides that income-tax authorities and the Appellate Tribunal shall not decide any issue for which a resident has made an application for an ... Summary
Advance ruling application bars tax authorities from deciding issues while a resident's advance ruling request is pending.
Clause 385 provides that income-tax authorities and the Appellate Tribunal shall not decide any issue for which a resident has made an application for an advance ruling under section 383(1), effectively staying adjudication on matters subject to a pending advance ruling request.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.