https://www.taxtmi.com/caselaws?id=403918 The Authority held that the Applicant's request to withdraw an advance ruling application beyond the specified time period was not permissible. It clarified that while Section 245R(4) mandates pronouncement of a ruling after admission, it does not compel a ruling if the applicant seeks withdrawal. The Authority has discretion to decline pronouncing a ruling in such cases. It further stated that an admitted application can be rejected under Section 245R(4) in cases of prima facie tax avoidance. In this instance, the Authority dismissed the application as withdrawn, allowing the Revenue to proceed accordingly. en-us Thu, 17 Dec 2020 00:00:00 +0530 Thu, 11 Feb 2021 06:08:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403918 The Authority held that the Applicant's request to withdraw an advance ruling application beyond the specified time period was not permissible. It clarified that while Section 245R(4) mandates pronouncement of a ruling after admission, it does not compel a ruling if the applicant seeks withdrawal. The Authority has discretion to decline pronouncing a ruling in such cases. It further stated that an admitted application can be rejected under Section 245R(4) in cases of prima facie tax avoidance. In this instance, the Authority dismissed the application as withdrawn, allowing the Revenue to proceed accordingly. Case-Laws Income Tax Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403918