Advance ruling to be void in certain circumstances - Section 245T - International Taxation - Income Tax

Advance ruling to be void in certain circumstances - Section 245T Where the Board for Advance Rulings finds, on a representation made to it by the Principal Commissioner or Commissioner or otherwise, that an advance ruling pronounced under section 245R(6) has been obtained by the applicant by fraud or misrepresentation of facts, it may, by order, declare such ruling to be void ab initio. The provisions of Income Tax Act, 1961 shall apply (after excluding the period beginning with the date of such advance ruling and ending with the date of order under this section to the applicant as if such advance ruling had never been made. [ Section 245T(1) ] Copy of Order to be forwarded A copy of the order made under section 245T(1) shall be sent to the applicant and the Principal Commissioner or Commissioner. [ Section 245T(2) ]