2020 (1) TMI 1065

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....der dated 27 August 2012, passed by the Authority for Advance Ruling (Income Tax), New Delhi, rejecting the application of the Assessee on the ground that the Assessee failed to produce the basic documents viz., basic contract dated 27 March 2004 entered between the consortium and the Assessee with Sri Lanka Telecom, and in the absence of the same, the terms of the contract between the petitioner and Sri Lanka Telecom ("SLT", for short) could not be comprehended to decide the questions raised before the said authority. The said authority has been created in Chapter 19(B) providing for the procedure for securing advance ruling by the said authority, headed by a former Judge of the High Court, to decide certain questions to avoid further disp....

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....document involved in that case and considerable arguments had also been advanced on the rights available to the grantor of the applicant in that case. 8. I find at the end of all the arguments on 24.8.2012, that it would be hazardous to venture to rule on the questions formulated without understanding the contents of the document dated 27.3.2004 and comprehending the rights available to SLT. Hence, I am constrained to decline to rule on the questions formulated in this application. 9. Hence, I decline to rule on the questions formulated and close the application leaving it to the applicant to raise its contentions before the Assessing Officer. The application stands disposed off. The Revenue is free to proceed in accordance with law. ....