Clause 250 - Scope of Ruling - Direct Taxes Code Bill, 2009

Scope of Ruling 250. An applicant, specified in column (2) of the Table 9, may seek ruling on such matter as specified in the corresponding entry of column (3) of the said Table. TABLE 9 Sr.No. Applicant Scope of ruling — (1) (2) (3) (i) Non-resident A determination in relation to a transaction which has been undertaken, or is proposed to be undertaken, by the applicant, and such determination shall include the determination of any question of law, or of fact, specified in the application (ii) Resident A determination in relation to the tax liability of a non-resident arising out of a transaction which has been undertaken, or is proposed to be undertaken, by the applicant with such non resident, and such determination shall include the determination of any question of law, or of fact, specified in the application (iii) Any class of residents, as notified by the Central Government in the Official Gazette in this behalf. A determination in respect of an issue relating to computation of tax bases which is pending before any income-tax authority, or the Appellate Tribunal, and such determination shall include the determination of any question of law or of fact relating to such computation of tax bases specified in the application.