Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 245S – Income Tax Act, 1961

Income Tax Act, 1961

 

 

Section 245S. APPLICABILITY OF ADVANCE RULING.

 

(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.

 

 

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Your email address will not be published.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 © 2021 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