https://www.taxtmi.com/caselaws?id=326353 The Court examined the challenge to the Authority for Advance Rulings' order rejecting the application regarding taxability of offshore supplies profits. It concluded that the notice issued under Section 143(2)(ii) did not meet the Act's requirements and did not constitute a bar to the AAR entertaining and allowing the application. The Court emphasized the necessity for accurate income reporting in issuing such notices. Consequently, the Court modified its previous judgment and disposed of the review petition accordingly. en-us Wed, 06 Apr 2016 00:00:00 +0530 Sat, 16 Jul 2016 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326353 The Court examined the challenge to the Authority for Advance Rulings' order rejecting the application regarding taxability of offshore supplies profits. It concluded that the notice issued under Section 143(2)(ii) did not meet the Act's requirements and did not constitute a bar to the AAR entertaining and allowing the application. The Court emphasized the necessity for accurate income reporting in issuing such notices. Consequently, the Court modified its previous judgment and disposed of the review petition accordingly. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326353