Notification No.73/2014 [F. No. 142/6/2014-TPL]/SO 3014(E)

Section 245N(b)(iia) of the Income-tax Act, 1961 – Tax Liability of a resident applicant determined by authority for advance rulings – Specified resident

What this is

Notification No.73/2014 [F. No. 142/6/2014-TPL]/SO 3014(E) was published on 28 November 2014. Its subject is Section 245N(b)(iia) of the Income-tax Act, 1961 – Tax Liability of a resident applicant determined by authority for advance rulings – Specified resident.

The instrument itself

The text, as the department published it

Read from the department’s own PDF, linked below, and reproduced without editing. Line breaks and spacing are ours; the words are not. For anything you rely on, read the file itself.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION Income-tax New Delhi, the 28th day of November, 2014 S.O. 3014 (E). - In exercise of the powers conferred by sub - clause (ii a ) 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 m ore transaction s valui ng 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. [Notification No. 73/2014/ F. No. 142/6/2014 - TPL] (Gaurav Kanaujia) Director to the Government of India

Source: the department’s file.

← Notification No. 74/2014 [F. No. 142/6/2014-TPL]/SO 3015(E) · Notification No. 57/2014 [F.NO.V.27015/1/2014-SO(NAT.COM)]/SO 3005(E →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.