Amendment of section 245N

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..... the 1st day of April, 2015, namely:- (iv) a determination or decision by the Authority whether an arrangement, which is proposed to be undertaken by any person being a resident or a non-resident, is an impermissible avoidance arrangement as referred to in Chapter X-A or not: ; (ii) in clause (b), (I) sub-clause (iiia) shall be omi .....

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..... lause (iiia) in clause (b) of the said section. These amendments will take effect retrospectively from 1st April, 2013. It is proposed to insert sub-clause (iv) in clause (a) in the said section to empower the Authority for Advance Rulings to determine whether an arrangement which is proposed to be undertaken by any person whether resident or non-resident is an impermissible avoidanc .....

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