Advance Ruling Sought on Taxability of Supplier’s Transactions and Local Authority Status for Thane Municipal Transport Undertaking Not Admissible u/s 97: AAR

The AAR has ruled that an "advance ruling" sought on the taxability of a supplier's transactions and the local authority status for Thane Municipal Transport Undertaking is "not admissible." The ruling clarifies that a company cannot seek an advance ruling on a matter that is not directly related to its own tax liability. The decision underscores the strict interpretation of the law and the limited scope of the advance ruling mechanism.