Binding advance rulings clarify Authority determinations on nonresident tax liability and preserve prior rulings' binding effect. The amendment clarifies that Authority determinations concern the tax liability of a non-resident arising out of the matter in question and substitutes 'such non-resident' for 'a non-resident' to specify the subject of the determination. It also adds a proviso preserving the binding effect of advance rulings pronounced before enactment when those rulings were made on applications by resident applicants under the prior wording, making such rulings binding on the persons identified as subject to binding effect.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Binding advance rulings clarify Authority determinations on nonresident tax liability and preserve prior rulings' binding effect.
The amendment clarifies that Authority determinations concern the tax liability of a non-resident arising out of the matter in question and substitutes "such non-resident" for "a non-resident" to specify the subject of the determination. It also adds a proviso preserving the binding effect of advance rulings pronounced before enactment when those rulings were made on applications by resident applicants under the prior wording, making such rulings binding on the persons identified as subject to binding effect.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
