https://www.taxtmi.com/caselaws?id=404570 The Applicant's request for an advance ruling on the application of the India-Hungary Tax Treaty regarding dividend payments to a specific company was accepted by the Authority. The Authority found that the application was admissible despite pending assessment proceedings for the relevant year. The Revenue's argument of tax avoidance was dismissed as there was no evidence of improper means to avoid tax in the transaction. The Authority allowed the original three questions for ruling but deferred consideration of additional queries to a later hearing, emphasizing the need for the Principal CIT's input. en-us Thu, 10 Dec 2020 00:00:00 +0530 Wed, 15 Sep 2021 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404570 The Applicant's request for an advance ruling on the application of the India-Hungary Tax Treaty regarding dividend payments to a specific company was accepted by the Authority. The Authority found that the application was admissible despite pending assessment proceedings for the relevant year. The Revenue's argument of tax avoidance was dismissed as there was no evidence of improper means to avoid tax in the transaction. The Authority allowed the original three questions for ruling but deferred consideration of additional queries to a later hearing, emphasizing the need for the Principal CIT's input. Case-Laws Income Tax Thu, 10 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404570