Income-tax Act, 1961
Section - 245R - Procedure on receipt of application
Procedure on receipt of application.245R. (1) On receipt of an application, the Authority shall cause a copy thereof to be forwarded to the Principal Commissioner or Commissioner and, if necessary, call upon him to furnish the relevant records :Provided that where any records have been called for by the Authority in any case, such records shall, as soon as possible, be returned to the Principal Commissioner or Commissioner.(2) The Authority may, after examining the application and the records called for, by order, either allow or reject the application :Provided that the Authority shall not allow the application where the question raised in the application,-
| (i) | - | is already pending before any income-tax authority or Appellate Tribunal [except in the case of a resident applicant falling in sub-clause (iii) of clause (b) of section 245N] or any court; |
| (ii) | - | involves determination of fair market value of any property; |
| (iii) | - | relates to a transaction or issue which is designed prima facie for the avoidance of income-tax [e .... To read the full section download the app from Google Play store
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