Under the scheme of Advance Ruling, the power of giving advance ruling has been entrusted by the __________ to an independent adjudicatory body designated as Authority for Advance Ruling (AAR).

CS Executive · Tax Laws and Practice · PYQS · June 2021
Under the scheme of Advance Ruling, the power of giving advance ruling has been entrusted by the __________ to an independent adjudicatory body designated as Authority for Advance Ruling (AAR).
(A) Central Government
(B) Revenue Administration Authority
(C) Statutory Authority
(D) The Central Board of Direct Taxes (CBDT)

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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