A company is aggrieved by a ruling pronounced by the Board for Advance Rulings under the Income-tax Act, 2025. To which forum does it appeal?
Question and options
A company is aggrieved by a ruling pronounced by the Board for Advance Rulings under the Income-tax Act, 2025. To which forum does it appeal?
Supreme Court
Income Tax Appellate Tribunal
High Court
Commissioner (Appeals)
Answer and explanation
Section 389(1) of the Income-tax Act, 2025 gives an applicant aggrieved by a ruling or order of the Board for Advance Rulings an appeal to the High Court within sixty days of its communication, which the High Court may extend by thirty days. The ruling does not go to the Appellate Tribunal, which hears appeals against assessment-level and Commissioner (Appeals) orders.
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