Income Tax Act, 1961
Section 245N . DEFINITIONS.
In this Chapter, unless the context otherwise requires, – (a) “Advance ruling” means – (i) A determination by the Authority in relation to a transaction which has been undertaken or is proposed to be undertaken by a non-resident applicant and such determination shall include the determination of any question of law or of fact specified in the application;
(ii) A decision by the Authority in relation to an assessment which is pending before any of the Income-tax authority or the Tribunal in case of an applicant who is a resident in India and such decision shall include the decision on question of law or fact arising out of the orders of assessment in respect of which an application has been made by a resident applicant;
(b) “Applicant” means any person who – (i) Is a non-resident; or
(ii) Is a resident falling within any such class or category of persons as the Central Government may, by notification in the Official Gazette, specify in this behalf;
(iii) Makes an application under sub-section (1) of section 245Q;
(c) “Application” means an application made to the Authority under sub-section (1) of section 245Q;
(d) “Authority” means the Authority for the Advance Rulings constituted under section 245-O;
(e) “Chairman” means the Chairman of the Authority;
(f) “Member” means a Member of the Authority and includes the Chairman.