Rules 312–316 of the Draft Income-tax Rules, 2026 require prior approval for fund restructuring, prescribe application and appeal procedures, and define key terms governing approved gratuity funds.
Once the earlier Order-in-Appeal determining assessee s entitlement to drawback had attained finality and was accepted by the Department, the Commissioner (Appeals) in a subsequent proceeding could not reopen or revisit the issue of eligibility for drawback while examining the consequential order.
The Authority allowed withdrawal of the application since regulations permit applicants to withdraw requests anytime before an advance ruling is pronounced.
CAAR Mumbai rejected an advance ruling request on roasted areca nuts, holding that the classification issue had already been decided by the Madras High Court and no new facts were presented.
The authority refused to admit an advance ruling request on roasted areca nuts because the classification issue had already been decided by the Madras High Court. The ruling reiterates that applications cannot be entertained when courts have already settled the question.
The authority declined an advance ruling request on roasted areca nut classification after noting that the issue had already been decided by the Madras High Court, leaving no scope for reconsideration.
