https://www.taxtmi.com/caselaws?id=407686 The Authority for Advance Rulings (AAR) found that the issues raised in the applications regarding the taxability of sums received under PMC and PTC agreements for offshore services were already pending before the Income-tax authorities. The AAR rejected the applications under clause (i) of the proviso to section 245R(2) of the Act due to the pendency of issues, without addressing the Revenue's objection of potential tax avoidance. en-us Mon, 25 Jan 2021 00:00:00 +0530 Tue, 18 May 2021 08:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407686 The Authority for Advance Rulings (AAR) found that the issues raised in the applications regarding the taxability of sums received under PMC and PTC agreements for offshore services were already pending before the Income-tax authorities. The AAR rejected the applications under clause (i) of the proviso to section 245R(2) of the Act due to the pendency of issues, without addressing the Revenue's objection of potential tax avoidance. Case-Laws Income Tax Mon, 25 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407686