https://www.taxtmi.com/article/detailed?id=733 The AAR may admit or reject advance-ruling applications after calling for records; admission is barred where questions are pending before tax authorities or tribunals, involve fair market value, or appear designed for tax avoidance. The Authority's discretion to accept a second application addressing the same question is constrained when the applicant previously failed to respond to requests for facts and documents despite opportunities to be heard; belated explanations and additional materials do not automatically justify reopening earlier proceedings, and alternative remedies before tax authorities or appellate fora remain available. en-us Thu, 25 Mar 2010 00:00:00 +0530 Thu, 25 Mar 2010 23:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=733 The AAR may admit or reject advance-ruling applications after calling for records; admission is barred where questions are pending before tax authorities or tribunals, involve fair market value, or appear designed for tax avoidance. The Authority's discretion to accept a second application addressing the same question is constrained when the applicant previously failed to respond to requests for facts and documents despite opportunities to be heard; belated explanations and additional materials do not automatically justify reopening earlier proceedings, and alternative remedies before tax authorities or appellate fora remain available. Articles Income Tax Thu, 25 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=733