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Section 245S – Income Tax Act, 1961

Income Tax Act, 1961





(1) The advance ruling pronounced by the Authority under section 245R shall be binding only – (a) On the applicant who had sought it;


(b) In respect of the transaction in relation to which the ruling had been sought; and


(c) On the Commissioner, and the income-tax authorities subordinate to him, in respect of the applicant and the said transaction.


(2) The advance ruling referred to in sub-section (1) shall be binding as aforesaid unless there is a change in law or facts on the basis of which the advance ruling has been pronounced.



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Income Tax Act, 1961 


Indian Laws – Bare Acts

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