March 6, 2018

Section – 245V : Procedure of Authority

245V. The Authority shall, subject to the provisions of this Chapter, have power to regulate its own procedure in all matters arising out of the exercise of its powers under […]
March 6, 2018

Section – 245U : Powers of the Authority

245U. (1) The Authority shall, for the purpose of exercising its powers, have all the powers of a civil court under the Code of Civil Procedure, 1908 (5 of 1908) […]
March 6, 2018

Section – 245T : Advance ruling to be void in certain circumstances

245T. (1) Where the Authority finds, on a representation made to it by the Principal Commissioner or Commissioner or otherwise, that an advance ruling pronounced by it under sub-section (6) […]
March 6, 2018

Section – 245S : Applicability of advance ruling

245S. (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 […]
March 6, 2018

Section – 245RR : Appellate authority not to proceed in certain cases

245RR. No income-tax authority or the Appellate Tribunal shall proceed to decide any issue in respect to which an application has been made by an applicant, being a resident, under […]
March 6, 2018

Section – 245R : Procedure on receipt of application

245R. (1) On receipt of an application, the Authority shall cause a copy thereof to be forwarded to the Principal Commissioner or Commissioner and, if necessary, call upon him to […]
March 6, 2018

Section – 245Q : Application for advance ruling

245Q. (1) An applicant desirous of obtaining an advance ruling under this Chapter 17[or under Chapter V of the Customs Act, 1962 (52 of 1962) or under Chapter IIIA of […]
March 6, 2018

Section – 245P : Vacancies, etc., not to invalidate proceedings

245P. No proceeding before, or pronouncement of advance ruling by, the Authority shall be questioned or shall be invalid on the ground merely of the existence of any vacancy or […]
March 6, 2018

Section – 245O : Authority for Advance Rulings

245-O. (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 a Chairman and […]

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