Advance ruling binding on specified parties: binds applicant, Commissioner, appellate Commissioner and subordinate income-tax authorities. An advance ruling is binding on the Applicant and on income-tax authorities in respect of the transaction for which the ruling was sought, specifically binding the Applicant, the Commissioner, the Commissioner of Income-tax (Appeals) and subordinate income-tax authorities.
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.
Advance ruling binding on specified parties: binds applicant, Commissioner, appellate Commissioner and subordinate income-tax authorities.
An advance ruling is binding on the Applicant and on income-tax authorities in respect of the transaction for which the ruling was sought, specifically binding the Applicant, the Commissioner, the Commissioner of Income-tax (Appeals) and subordinate income-tax authorities.
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