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of <h1>Procedure and limits for advance ruling applications: copying, records, hearings, timelines, and grounds for rejection</h1> On receipt of an application for an advance ruling the Authority must forward a copy to the (Principal) Commissioner, may call for records, and after examination either allow or reject the application; rejection is not permissible if the question is pending before a tax authority/court, concerns fair market value, or involves prima facie tax-avoidance (subject to specified resident exceptions), and the applicant must be heard and given reasons if rejected. If allowed, the Authority may obtain further material, hear the applicant on request, and must pronounce a written ruling within six months and send copies to the applicant and the (Principal) Commissioner. Provisions allow transfer of functions to the Board for Advance Rulings and permit government schemes by notification with time limits.
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