https://www.taxtmi.com/caselaws?id=175862 The Authority for Advance Rulings (AAR) allowed the application under section 245R(2) of the Income-tax Act, ruling that the proviso to section 245R(2) did not apply. The case involved the taxability of income derived from the purchase and export of gold jewellery and the purchase of gold for manufacturing gold jewellery for export. The AAR determined that the transactions did not constitute tax avoidance and that the questions raised were not pending before any Income-tax authority at the crucial date. The date of the hearing for the advance ruling will be communicated later. en-us Fri, 10 Aug 2007 00:00:00 +0530 Mon, 07 Dec 2015 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175862 The Authority for Advance Rulings (AAR) allowed the application under section 245R(2) of the Income-tax Act, ruling that the proviso to section 245R(2) did not apply. The case involved the taxability of income derived from the purchase and export of gold jewellery and the purchase of gold for manufacturing gold jewellery for export. The AAR determined that the transactions did not constitute tax avoidance and that the questions raised were not pending before any Income-tax authority at the crucial date. The date of the hearing for the advance ruling will be communicated later. Case-Laws Income Tax Fri, 10 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175862