Tax Titbits

Abstract

Jurisdiction for the Authority for Advance Ruling (AAR) is available only for matters, which are not already pending. That is why, it is called, Advance Ruling. A matter was treated as pending merely because a return relating to it had been filed as was decided in SEPCOIII Electric Power Construction Corporation, In re [2012] 340 ITR 225 (AAR). The AAR has now decided that it is only, when the case is taken up for scrutiny, by issue of notice under section 143(2) of the Act, it need be taken as pending, so as to shut out application for Advance Ruling.