Amended and updated notes on section 245RR of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to Appellate authority not to proceed in certain cases.
Chapter XIXB (Sections 245N to 245V) of the Income Tax Act 1961 deals with the provisions related to Advance rulings . Section 245RR of IT Act 1961 provides for Appellate authority not to proceed in certain cases.
Recently, we have discussed in detail section 245R (Procedure on receipt of application) of IT Act 1961. Today, we learn the provisions of section 245RR of Income-tax Act 1961. The amended provision of section 245RR is effective for financial year 2022-23 relevant to the assessment year 2023-24.
In this article, you will learn detail of the provisions of section 245RR of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.
Section-245RR: Appellate authority not to proceed in certain cases
No income-tax authority or the Appellate Tribunal shall proceed to decide any issue in respect to which an application has been made by an applicant, being a resident, under sub-section (1) of section 245Q.