The advance ruling pronounced by the Authority for Advance Ruling as per section 245 is binding : (i) in respect of transaction for which ruling has been sought (ii) on Income-tax Authorities (iii) on the Applicant (iv)
CS Executive · Tax Laws and Practice · PYQS · June 2018
The advance ruling pronounced by the Authority for Advance Ruling as per section 245 is binding : (i) in respect of transaction for which ruling has been sought (ii) on Income-tax Authorities (iii) on the Applicant (iv) on all other persons having similar transactions
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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