Central Government specifies following class of persons as applicants u/s 245N - S. O. 473(E) - Income Tax

Central Government specifies following class of persons as applicants u/s 245N NOTIFICATION NO. S. O. 473 ( E ) DATED 21-6-1999 In exercise of the powers conferred by sub-clause ( ii ) of clause ( b ) of section 245N of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies following class of persons as applicants for the purpose of Chapter XIX-B of the Income tax Act, namely :--- ( a ) public sector company as defined in clause (36A) of section 2 of the Income-tax Act ; and ( b ) person seeking advance ruling in relation to the tax liability of a non-resident arising out of a transaction undertaken or proposed to be undertaken by him with a non-resident. 2. It shall come into force on the date of its publication in the Official Gazette. [Notification No. 10965/F. No. 153/85/98-TPL]