https://www.taxtmi.com/acts?id=51929 Procedure requires the Board for Advance Rulings to forward applications to the Principal Commissioner or Commissioner and may call for relevant records; after examination the Board may allow or reject the application. Grounds for rejection include questions pending before tax authorities or appellate bodies (with specified resident exceptions), matters involving determination of fair market value, or transactions prima facie designed for tax avoidance (subject to exceptions). Rejection requires an opportunity to be heard and reasons in the order. If allowed, the Board must pronounce a written advance ruling within six months, after considering further material and, on request, providing a hearing or representation; rulings must be signed, certified, and copies sent to the applicant and the Principal Commissioner or Commissioner. en-us Thu, 14 Aug 2025 18:12:36 +0530 Sat, 06 Sep 2025 11:11:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51929 Procedure requires the Board for Advance Rulings to forward applications to the Principal Commissioner or Commissioner and may call for relevant records; after examination the Board may allow or reject the application. Grounds for rejection include questions pending before tax authorities or appellate bodies (with specified resident exceptions), matters involving determination of fair market value, or transactions prima facie designed for tax avoidance (subject to exceptions). Rejection requires an opportunity to be heard and reasons in the order. If allowed, the Board must pronounce a written advance ruling within six months, after considering further material and, on request, providing a hearing or representation; rulings must be signed, certified, and copies sent to the applicant and the Principal Commissioner or Commissioner. Act-Rules Income Tax Thu, 14 Aug 2025 18:12:36 +0530 https://www.taxtmi.com/acts?id=51929