With the number of tax disputes in India increasing annually and some disputes lasting for several years, taxpayers are seeking an alternative to the traditional method of dispute resolution that is quicker and cheaper.
India's Authority for Advanced Rulings (AAR) has been an option for non-resident taxpayers looking to ascertain their tax liability arising out of their proposed transactions since it was first introduced in 1993.
The full version of this story is available at www.internationaltaxreview.com.