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of <h1>Section 245R: Advance Tax Ruling Applications Reviewed; Rejections Explained; Rulings Final and Unappealable; Faceless Scheme Introduced.</h1> Upon receiving an application under Section 245R for advance rulings in international taxation, the Authority forwards it to the Principal Commissioner or Commissioner for relevant records. The application can be rejected if it is pending with tax authorities, involves fair market value determination, or is designed to avoid income tax. Rejections require reasons and cannot be appealed. If allowed, the Authority examines further materials, provides a hearing opportunity, and issues a ruling within six months. The ruling is final with no appeal, but rectifications can be made for apparent mistakes. A faceless scheme aims to enhance efficiency and transparency.
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