Section – 245RR : Appellate authority not to proceed in certain cases
March 6, 2018
Section – 245T : Advance ruling to be void in certain circumstances
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 in relation to which the ruling had been sought; and

(c) on the Principal Commissioner or 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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