Amendment status not verified — confirm the current text below against the official source.
( 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. ( 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.