Authority for Advance Rulings shall not allow an application where the question raised

CS Executive · Tax Laws and Practice · PYQS · December 2015
Authority for Advance Rulings shall not allow an application where the question raised
(A) Is already pending before the Supreme Court
(B) Involves determination of fair market value of any property
(C) Relates to a transaction designed prima facie for the avoidance of income tax
(D) All of the above.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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