https://www.taxtmi.com/acts?id=3368 The Authority must forward an application to the Principal Commissioner or Commissioner and may call for relevant records. It may allow or reject applications but must not allow questions already pending before tax authorities or courts, matters involving fair market value, or transactions prima facie aimed at tax avoidance; rejections require a hearing opportunity and recorded reasons. If allowed, the Authority may obtain further material, offer the applicant a hearing (including via authorised representative), and must pronounce a written advance ruling within six months, sending certified copies to the applicant and the Commissioner. The Board for Advance Rulings may replace the Authority under a government scheme. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 17:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3368 The Authority must forward an application to the Principal Commissioner or Commissioner and may call for relevant records. It may allow or reject applications but must not allow questions already pending before tax authorities or courts, matters involving fair market value, or transactions prima facie aimed at tax avoidance; rejections require a hearing opportunity and recorded reasons. If allowed, the Authority may obtain further material, offer the applicant a hearing (including via authorised representative), and must pronounce a written advance ruling within six months, sending certified copies to the applicant and the Commissioner. The Board for Advance Rulings may replace the Authority under a government scheme. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3368