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of <h1>Advance Ruling Under Section 245T Can Be Voided for Fraud or Misrepresentation by Tax Authorities</h1> Section 245T of the Income Tax Act addresses circumstances under which an advance ruling may be declared void. If the Board for Advance Rulings determines, based on a representation by the Principal Commissioner or Commissioner, or otherwise, that an advance ruling was obtained through fraud or misrepresentation, it can declare the ruling void ab initio. Consequently, the provisions of the Income Tax Act will apply to the applicant as if the ruling had never been made, excluding the period between the ruling date and the order date. A copy of this order must be sent to both the applicant and the relevant tax authority.
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