https://www.taxtmi.com/caselaws?id=423307 An advance ruling is binding on the applicant and the tax authorities for the transaction for which it is obtained, unless there is a change in law or facts. Where the assessment order and first appellate order merely follow that ruling, no infirmity arises in their application of it. The pendency of a writ petition against the advance ruling does not by itself remove its binding effect for the authorities below, absent any reversal by the High Court. On that basis, the appeal was held not sustainable and the first appellate order was upheld. en-us Thu, 26 May 2022 00:00:00 +0530 Fri, 03 Jun 2022 13:01:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423307 An advance ruling is binding on the applicant and the tax authorities for the transaction for which it is obtained, unless there is a change in law or facts. Where the assessment order and first appellate order merely follow that ruling, no infirmity arises in their application of it. The pendency of a writ petition against the advance ruling does not by itself remove its binding effect for the authorities below, absent any reversal by the High Court. On that basis, the appeal was held not sustainable and the first appellate order was upheld. Case-Laws Income Tax Thu, 26 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423307