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<h1>Amendment to Section 245R: Board for Advance Rulings Can Reject Applications as Withdrawn by December 31, 2024.</h1> Clause 75 of the Finance (No. 2) Bill, 2024, proposes an amendment to section 245R of the Income-tax Act. This amendment introduces a new proviso to sub-section (2), allowing the Board for Advance Rulings to reject applications as withdrawn if received under the proviso to sub-section (4) of section 245Q. This action must occur on or before December 31, 2024. The amendment is set to take effect from October 1, 2024, and pertains to the procedure for handling applications received by the Authority.