High Court Upholds Commissioner's Order Despite Pending Advance Ruling Application; Highlights ARA Delays Impact on Tax Investigations.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Validity of order passed by the commissioner when the application for Advance Ruling is pending - A vibrant system of advance ruling can go a long way in reducing the taxation litigations. However, in the matters of the present type, sometimes the delay at the end of the ARA may frustrate the investigation which may not be in the interest of the Revenue. - The impugned order passed by the Commissioner need not be interfered with, only on the ground that he should have waited for the ruling of the ARA - HC....