Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 245O – Income Tax Act, 1961

Income Tax Act, 1961

 

 

Section 245-O. AUTHORITY FOR ADVANCE RULINGS.

 

(1) The Central Government shall constitute an Authority for giving advance rulings, to be known as “Authority for Advance Rulings”.

 

(2) The Authority shall consist of the following Members appointed by the Central Government, namely :- (a) A Chairman, who is a retired Judge of the Supreme Court;

 

(b) An officer of the Indian Revenue Service who is qualified to be a member of the Central Board of Direct Taxes;

 

(c) An officer of the Indian Legal Service who is, or is qualified to be, an Additional Secretary to the Government of India.

 

(3) The salaries and allowances payable to, and the terms and conditions of service of, the Members shall be such as may be prescribed.

 

(4) The Central Government shall provide the Authority with such officers and staff as may be necessary for the efficient exercise of the powers of the Authority under this Act.

 

(5) The office of the Authority shall be located in Delhi.

 

 

Previous | Next

 

Income Tax Act, 1961 

 

Indian Laws – Bare Acts

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2024 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation