Skip to content

CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision

Which of the following is a ground on which an advance ruling may be declared void ab initio?

An advance ruling can be declared void ab initio when it was obtained by fraud, suppression of facts or misrepresentation of facts. Later changes such as a new name, higher turnover or a rate reduction do not make the ruling void from the beginning.

  1. AThe ruling was obtained by the applicant through fraud, suppression of facts or misrepresentation of factsCorrect
  2. BThe applicant later changed their business name
  3. CThe tax rate was later reduced by notification
  4. DThe applicant's turnover increased in the next year

Explanation

An advance ruling can be declared void from the beginning if it was obtained by fraud, suppression of material facts or misrepresentation. Later changes in name, turnover or rate do not by themselves invalidate the ruling for the period it covered.

Did you get it right without looking?

One question tells you little. A timed set on Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision shows your real accuracy, how long you take and where you lose marks.

Practise Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and RevisionFree diagnostic mock

More Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision questions