Malaysia legislation
Section 17B
Section 17B
(2)
An application under subsection (1) shall be made in the form to be made available by the Director General and shall contain particulars as may be required by the Director General.
(3)
The Director General may at any time withdraw any advance ruling made under subsection (1) by giving a notice in writing of such withdrawal to the person to whom the ruling applies.
(4)
Notwithstanding any other provisions of this Act, where an advance ruling applies to any person in relation to an arrangement and the person applies the provision in the manner stated in the ruling, the
Director General shall apply the provision in relation to the person and that arrangement in accordance with the ruling.
(5)
An advance ruling on any of the provisions of this Act shall apply to a person in relation to an arrangement if the provision is expressly referred to in the ruling and for the basis period for year of the assessment for which the ruling applies.
(6)
A ruling made under subsection (1) shall not apply to a person in relation to an arrangement if—
(a)
the arrangement is materially different from the arrangement stated in the ruling;
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(b)
there was a material omission or misrepresentation in, or in connection with the application of the ruling;
(c)
the Director General makes an assumption about a future event or another matter that is material to the ruling, and that assumption subsequently proves to be incorrect; or
(d)
the person fails to satisfy any of the conditions stipulated by the Director General.
Power to disregard certain transactions