Are the Advance ruling, binding on taxpayers or tax authorities?

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ROHAN 1 month 1 Answer 34 views 0

Answer ( 1 )

  1. An advance ruling pronounced by the Authority is binding on the follows :-

    The Applicant.
    The Commissioner.
    Commissioner of Income-tax (Appeals).
    Income-tax authorities who are subordinate to Commissioner
    In respect of transaction for which ruling had been sought​

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