Procedure of Authority The Authority shall, subject to the provisions of this Chapter, have power to regulate its own procedure in all matters arising out of the exercise of its powers under this Act: 70[Provided that nothing contained in this section shall apply on or after such date as the Central Government may, by notification in […]

Procedure on receipt of application (1) On receipt of an application, the Authority shall cause a copy thereof to be forwarded to the Principal Commissioner or Commissioner and, if necessary, call upon him to furnish the relevant records : Provided that where any records have been called for by the Authority in any case, such records

Powers of the Authority (1) The Authority shall, for the purpose of exercising its powers, have all the powers of a civil court under the Code of Civil Procedure, 1908 (5 of 1908) as are referred to in section 131 of this Act. (2) The Authority shall be deemed to be a civil court for

Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Member Notwithstanding anything contained in this Act, the qualifications, appointment, term of office, salaries and allowances, resignation, removal and the other terms and conditions of service of the Chairman, Vice-Chairman and other Members of the Authority appointed after the commencement of Part XIV of Chapter

Advance ruling to be void in certain circumstances (1) Where the Authority finds, on a representation made to it by the Principal Commissioner or Commissioner or otherwise, that an advance ruling pronounced 69[***] under sub-section (6) of section 245R has been obtained by the applicant by fraud or misrepresentation of facts, it may, by order, declare such ruling

Authority for Advance Rulings (1) The Central Government shall constitute an Authority for giving advance rulings, to be known as “Authority for Advance Rulings”: Provided that the Authority shall cease to act as an Authority for Advance Rulings for the purposes of Chapter V of the Customs Act, 1962 (52 of 1962) on and from the

Applicability of advance ruling 1) The advance ruling pronounced by the Authority under section 245R shall be binding only— (a) on the applicant who had sought it; (b) in respect of the transaction in relation to which the ruling had been sought; and (c) on the Principal Commissioner or Commissioner, and the income-tax authorities subordinate to him,

ADVANCE RULINGS In this Chapter, unless the context otherwise requires,— (a) “advance ruling” means—   (i) a determination by the Authority in relation to a transaction which has been undertaken or is proposed to be undertaken by a non-resident applicant; or  (ii) a determination by the Authority in relation to the tax liability of a non-resident

Dispute Resolution Committee The Central Government can create Dispute Resolution Committees to resolve tax disputes. These committees will handle disputes for people or groups specified by the tax authority, who meet certain criteria. These committees can reduce or eliminate penalties and provide immunity from prosecution for those whose disputes they resolve. When the committee issues

Option to withdraw pending application (1) With respect to a pending application, the assessee who had filed such application may, at his option, withdraw such application within a period of three months from the date of commencement of the Finance Act, 2021 and intimate the Assessing Officer, in the prescribed manner, about such withdrawal. (2)