https://www.taxtmi.com/caselaws?id=32085 The Advance Ruling Authority ruled that a non-resident company's Indian subsidiary was not entitled to tax exemption under section 10A of the Income-tax Act. The Authority held that the application for tax exemption did not fall within the scope of cases eligible for advance rulings as it did not pertain to the taxability of the non-resident applicant. Therefore, the application was rejected on the basis that the tax exemption for the Indian subsidiary was not a consequence of the transaction by the non-resident applicant. The ruling was pronounced on May 31, 2004. en-us Mon, 31 May 2004 00:00:00 +0530 Thu, 15 Jan 2009 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32085 The Advance Ruling Authority ruled that a non-resident company's Indian subsidiary was not entitled to tax exemption under section 10A of the Income-tax Act. The Authority held that the application for tax exemption did not fall within the scope of cases eligible for advance rulings as it did not pertain to the taxability of the non-resident applicant. Therefore, the application was rejected on the basis that the tax exemption for the Indian subsidiary was not a consequence of the transaction by the non-resident applicant. The ruling was pronounced on May 31, 2004. Case-Laws Income Tax Mon, 31 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32085