Which of the following statement s is are true in context...

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Which of the following statement/s is/are true in context of Advance Ruling?

A. Advance Ruling means that written opinion or authoritative decision by an Authority empowered to render it with regard to the tax consequences of a transaction or proposed transaction or an assessment in regard thereto

B. It has been defined in section 245N(A) of the Income tax Act, 1961 as amended from time-to-time

C. Both A and B

D. None of the above

Answer: Option C


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