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  • Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 12/27/2013

India - AAR application allowed if made before assessment notice 

December 27:  The KPMG member firm in India prepared a report on the following development (read the December 2013 report by clicking on the hyperlink provided below):
  • AAR application cannot be rejected merely because return was filed; basis for rejecting AAR application is when notice for assessment has been issued by tax authority - India’s Authority for Advance Ruling (AAR) ruled that a taxpayer’s application filed with the AAR, after the taxpayer filed the income tax return but before the date when a notice for assessment was issued, cannot be considered as pending for adjudication before the income tax authorities, and as such, the AAR application is to be admitted.

    The case is: Mitsubishi Corporation. Read a December 2013 report [PDF 382 KB]



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