Advance ruling’ meansa a determination by the Authority in relation to a transaction which has been undertaken or is proposed to be undertaken by a non-resident applicant and such determination shall include the determination of any question of law or fact specified in the application, or a determination by the Authority in relation to the tax liability of a non-resident arising out of a transaction which has been undertaken or is proposed to be undertaken .....
The provisions of advance rulings are briefly discussed below: Meaning of advance ruling [Sec.245N (a)]: ‘Advance ruling’ means: a determination by the Authority in relation to a transaction which has been undertaken or is proposed to be undertaken by a non-resident applicant and such determination shall include the determination of any question of law or fact specified in the application ; or a determination by the Authority in relation to the tax liability of a .....
