Questions on which advances ruling can be sought?

The advance ruling can be sought on any question of law or fact specified in the application in relation to a transaction which has been undertaken, or is proposed to be undertaken, by the non-resident applicant.
However, an advance ruling cannot be sought where the question.

• Is already pending in the case of the Non-resident applicant before any income-tax authority, the Appellate Tribunal or any court;

• Involves determination of fair market value of any property; or