Q88
The advance ruling pronounced by the Authority for Advance Ruling as per section 245 is binding: (1) in respect of transaction for which ruling has been sought. (2) on income-tax authorities. (3) on the applicant. (4) on all other persons having similar transaction. Select the correct answer from the option given below.
A.
(1), (2) and (3)
AnswerB.
(1) and (3)
C.
(2) and (3)
D.
(1), (2), (3) and (4)
Answer: Option A
Solution
Answer: Option A
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