Advance ruling application form requires detailed disclosure of identity, transaction facts, non-resident structure, and GAAR arrangements. Form No. 120 sets out the application format for advance ruling requests under the Income Tax rules. It requires disclosure of the applicant's identity, residential status, PAN, business particulars, authorised representative, the transaction and questions on which ruling is sought, relevant facts, interpretation, agreements, fee details, and other supporting annexures. The form also requires particulars of non-resident parties, group structure, prior decisions, pending proceedings, GAAR-related arrangements, and appeal details where computation of total income is involved, followed by verification and a declaration of correctness.