Akhil Deo from Hidayatullah National Law University, Raipur writes on the recent developements in income-tax law.

Abstract

The Authority for Advance Rulings has gained significance in recent years because of its ability to quickly and efficiently resolve complex questions on income tax, particularly as a forum for non-resident investors to\ determine their tax liabilities in advance and avoid litigation, In recent years however several of the AAR’s decisions have brought about confusion and have been inconsistent with established principles of law and commercial expediency. This short article seeks to highlight these inconsistencies and explore these recent developments in income-tax law.