TMI BlogProcedure for giving advance rulingX X X X Extracts X X X X X X X X Extracts X X X X ..... hitherto assessed in India, he shall indicate in Annexure I as provided in the relevant Forms to the application: (a) his head office in any country, (b) the place where his office and residence is located or is likely to be located in India, and (c) the name and address of his representatives in India, if any, authorised to receive notices and papers and act on his behalf; (iii) the Secretary may send the application back to the applicant if it is defective in any manner for removing the defects within such time as he may allow. Such application shall be deemed to have been made on the date when it is re-submitted after removing the defects; (iv) an applicant may withdraw an application within thirty days from the date of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ected to the details mentioned in items (b) or (c) of sub -clause (ii) of clause A, requesting him to furnish the relevant records, within such time as may be specified by Board for Advance Rulings; (v) upon receipt of request, as referred to in item (a) of sub-clause (iii), or in sub-clause (iv), the relevant records shall be furnished to the Board for Advance Rulings by the authority to whom the reference has been made; (vi) where the request is in respect of a transaction already undertaken, the Board for Advance Rulings may require the authority to whom the reference has been made to verify the facts contained in the application; (vii) where the authority to whom the reference has been made fails to furnish relevant records, as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... em (b) of sub-clause (viii), the Board for Advance Rulings may, by an order under sub-section (2) of section 245R of the Act, allow or reject the application, providing reasons for rejection in case the application is rejected; (xii) The Board for Advance Rulings shall send a copy of the order referred to in sub -clause (vii) or item (a) of sub-clause (viii) or sub-clause (x) or sub-clause (xi), as the case may be, to the applicant and the Principal Commissioner or Commissioner, as the case may be. C. Order for advance ruling.- (i) where an application for advance rulings has been allowed by an order, as referred to in sub-clause (vii) or item (a) of sub-clause (viii) or sub-clause (x) or sub-clause (xi) of clause B, the Board fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to the Principal Chief Commissioner of Income-tax (International Taxation), who shall nominate one Member from any other Board for Advance Rulings and such point or points shall be decided according to the opinion of the majority of the Members. ] *************** NOTES:- 1. Substituted vide NOTIFICATION NO. 38/2023 dated 12-06-2023 before it was read as, (iv) the Board for Advance Rulings shall, after considering the response, as referred to in clause (iii), and after providing an opportunity of being heard (through video conferencing or video telephony) under sub-section (5) of section 245R of the Act on the request of the applicant pronounce the advance ruling on the question specified in the application an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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