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TMI BlogProcedure on Receipt of Application - Section 245RX X X X Extracts X X X X X X X X Extracts X X X X ..... d to the Principal Commissioner or commissioner as soon as possible. [ Section 245R(1) ] STEP II AAR may allow or reject the application. However in following 3 cases, AAR shall reject the application:- * Pending with Income-tax authorities/ tribunal /Court is already pending before any income tax authority or appellate tribunal or any court. however, a resident falling any class or categor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er. * Copy of order shall be sent to the applicant and to the CIT * No appeal is possible against order of rejection. * on receipt of an application under the proviso to section 245Q(4), * the Board for Advance Rulings may, by an order, reject the application referred to in section 245R(1) thereof as withdrawn on or before the 31st day of December, 2024. (inserted Finance (No. 2) Act, 202 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in 6 months of the receipt of application. [ Section 245R(6) ] STEP VII A copy of the advance ruling pronounced by the Authority, duly signed by the Members and certified in the prescribed manner shall be sent to the applicant and to the Principal Commissioner or Commissioner, as soon as may be, after such pronouncement. [ Section 245R(7) ] " The Order of AAR giving its opinion is a final ord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r efficiency, transparency and accountability by - * (a) eliminating the interface between the Board for Advance Rulings and the applicant in the course of proceedings to the extent technologically feasible; * (b) optimising utilisation of the resources through economies of scale and functional specialisation; * (c) introducing a system with dynamic jurisdiction. [ Section 245R(9) ] * Appl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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