https://www.taxtmi.com/caselaws?id=234391 An advance ruling application seeking a limited answer only on section 115JB was refused because the tax treatment of the proposed share transfer depended on the inter-relationship with section 10(38) and its proviso. The Authority stated that an advance ruling must address the transaction's taxability as a whole and cannot exclude a material disputed component from the questions framed. It also read sections 115JB and 10(38) harmoniously and declined to proceed on an assumed exemption under section 10(38) while that premise itself remained in dispute. The application was therefore rejected in the form presented, and no ruling was pronounced on the questions raised. en-us Fri, 08 Jun 2012 00:00:00 +0530 Sun, 09 Jun 2013 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234391 An advance ruling application seeking a limited answer only on section 115JB was refused because the tax treatment of the proposed share transfer depended on the inter-relationship with section 10(38) and its proviso. The Authority stated that an advance ruling must address the transaction's taxability as a whole and cannot exclude a material disputed component from the questions framed. It also read sections 115JB and 10(38) harmoniously and declined to proceed on an assumed exemption under section 10(38) while that premise itself remained in dispute. The application was therefore rejected in the form presented, and no ruling was pronounced on the questions raised. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234391