Are The Advance Ruling Under Income Tax Binding On Taxpayers Or Tax Authorities?

An advance ruling pronounced by the Authority is binding on the follows :-

  • The Applicant.
  • The Commissioner.
  • Commissioner of Income-tax (Appeals).
  • Income-tax authorities who are subordinate to Commissioner
  • In respect of transaction for which ruling had been sought​.

Source: Income Tax India’s Official Website

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