Authority for Advance Rulings may cease operation upon Central Government notification, altering its statutory duration under income-tax law.

The amendment inserts a proviso specifying that the Authority for Advance Rulings constituted under the provision shall cease to operate from such date as the Central Government may appoint by notification in the Official Gazette, thereby making the Authority's operation contingent on executive notification; the amendment is given effect from the fiscal commencement indicated in the Bill.

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