Binding period of advance ruling continues until the underlying law, facts, or circumstances supporting it change. Advance rulings have no fixed time period; they remain binding while the underlying law, facts or circumstances supporting the ruling remain unchanged and while the transaction continues, and cease to apply upon change in law, facts, or circumstances.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Binding period of advance ruling continues until the underlying law, facts, or circumstances supporting it change.
Advance rulings have no fixed time period; they remain binding while the underlying law, facts or circumstances supporting the ruling remain unchanged and while the transaction continues, and cease to apply upon change in law, facts, or circumstances.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.