Advance ruling clarifies tax liability from specified transactions; authority for advance rulings discontinued by legislative amendment. An advance ruling is a determination of a question of law or fact in an application concerning an applicant's tax liability from undertaken or proposed transactions; the Authority for Advance Rulings is to cease operation by statutory amendment and the Central Government may notify the effective date of that cessation.
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.
Advance ruling clarifies tax liability from specified transactions; authority for advance rulings discontinued by legislative amendment.
An advance ruling is a determination of a question of law or fact in an application concerning an applicant's tax liability from undertaken or proposed transactions; the Authority for Advance Rulings is to cease operation by statutory amendment and the Central Government may notify the effective date of that cessation.
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