https://www.taxtmi.com/caselaws?id=184670 Advance tax clearances can create a legitimate expectation only where the taxpayer has made full and frank disclosure of all material facts and obtained the assurance from an officer with authority to give it. That protection does not arise where material information is withheld or the clearance is sought in a complex scheme contrary to central revenue policy. On the facts described, the taxpayers did not place the real purchase price and payment structure squarely before the inspector, so the clearances were not entitled to be treated as binding and their revocation was not an abuse of power. en-us Thu, 17 Feb 1994 00:00:00 +0530 Fri, 15 Jul 2016 18:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184670 Advance tax clearances can create a legitimate expectation only where the taxpayer has made full and frank disclosure of all material facts and obtained the assurance from an officer with authority to give it. That protection does not arise where material information is withheld or the clearance is sought in a complex scheme contrary to central revenue policy. On the facts described, the taxpayers did not place the real purchase price and payment structure squarely before the inspector, so the clearances were not entitled to be treated as binding and their revocation was not an abuse of power. Case-Laws Income Tax Thu, 17 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184670