(iii) BNHJ Ltd., an Indian public-sector undertaking, For the AY 2023-24, it has a matter pending with the Income Tax Appellate Tribunal which…
CA Final · Direct Tax Laws and International Taxation · PYQS · January 2026
(iii) BNHJ Ltd., an Indian public-sector undertaking, For the AY 2023-24, it has a matter pending with the Income Tax Appellate Tribunal which involves a question of fact in respect of a transaction it entered into with a non-resident company. The tax liability involved in this transaction is expected to be 105 crores.
Suggested Answer and Working Notes:
(iv) BNHJ Ltd., an Indian public sector undertaking would fall within the definition of applicant for advance ruling, even if the matter is pending with the Income-tax Appellate Tribunal which involves a question of fact in respect of a transaction it entered with a non-resident company.
Topics: Advance Rulings
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