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<h1>Advance ruling validity set to a fixed term, ending earlier on change in law or facts; transitional reckoning from assent.</h1> The substituted sub section (2) of section 28J provides that an advance ruling under sub section (1) shall remain valid for three years or until there is a change in law or facts on which the ruling was pronounced, whichever is earlier, and adds a proviso that for advance rulings in force on the date the Finance Bill, 2022 receives the President's assent, the three year period shall be reckoned from that assent date.