Advance ruling application bars tax authorities and tribunals from deciding the same issue while the application is pending. A jurisdictional bar prevents income-tax authorities and the Appellate Tribunal from deciding any issue in respect of which an application has been made ... Summary
Advance ruling application bars tax authorities and tribunals from deciding the same issue while the application is pending.
A jurisdictional bar prevents income-tax authorities and the Appellate Tribunal from deciding any issue in respect of which an application has been made by a person within the class notified under section 256, thereby suspending ordinary adjudicatory action in favour of the advance-ruling/dispute-resolution mechanism for that issue.
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