10965 : Notification: 10965 Date of Issue: 21/6/1999

Notification: 10965 Date of Issue: 21/6/1999

Notification: 10965

Section(s) Referred: s. 245N(b)(ii) ,s. 2(36A)

Statute: INCOME TAX

Date of Issue: 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.

[F.No. 153/85/98-TPL]