Tag: Advance Rulings
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Bombay HC on the Binding Nature of AAR Ruling
[Posted by Umakanth Varottil] (The following post has been contributed by Ravichandra S. Hegde of J. Sagar Associates) The Bombay High Court on April 29, 2010, while allowing a Writ Petition against the Income Tax Department has ruled on the binding nature of the decision rendered by the Authority for Advance Rulings (“AAR”). The Court…