Amendment status not verified — confirm the current text below against the official source.
Applicability of advance ruling- (1) The advance ruling pronounced by the Authority or the Appellate authority under this Chapter shall be binding only:- (a) on the applicant who had sought it in respect of any matter referred to in sub-section (2) of section 97 for advance ruling; (b) On the concerned officer or the jurisdictional officer in respect of the applicant. 114 (2) The advance ruling referred to in sub-section (1) shall be binding unless the law, facts or circumstances supporting the original advance ruling have changed.