SECTION 245N(b)(iia) OF THE INCOME-TAX ACT, 1961 – TAX LIABILITY OF A RESIDENT APPLICANT DETERMINED BY AUTHORITY FOR ADVANCE RULINGS – SPECIFIED RESIDENT
NOTIFICATION NO. 73/2014[F.NO.142/6/2014-TPL]/SO 3014(E), DATED 28-11-2014
In exercise of the powers conferred by sub-clause (iia) of clause (b) of section 245N of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies a resident, in relation to his tax liability arising out of one or more transactions valuing rupees one hundred crore or more in total which has been undertaken or proposed to be undertaken, being such class of persons, as applicant for the purposes of Chapter XIX-B of the said Act.
2. This notification shall come into force on the date of its publication in the Official Gazette.