INCOME TAX : Power to decline to pronounce advance ruling is inherent in power to pronounce advance ruling as specified under provisions of section 245(R)(4), hence, in view of request of applicant not to pursue matter further and to withdraw application, application was to be dismissed as withdrawn. Contention of revenue that once application is admitted it cannot be rejected in proceeding under section 245R(4) is found to be misplacedINCOME TAX : Power to decline to pronounce advance ruling is inherent in power to pronounce advance ruling as specified under provisions of section 245(R)(4), hence, in view of request of applicant not to pursue matter further and to withdraw application, application was to be dismissed as withdrawn. Contention of revenue that once application is admitted it cannot be rejected in proceeding under section 245R(4) is found to be misplacedwww.taxmann.com Latest Case LawsRead More
