Advance ruling to be void in certain
circumstances.
245T. (1) Where the
Authority finds, on a representation made to it by the Commissioner or
otherwise, that an advance ruling pronounced by it under sub-section (6) of section 245R has been obtained by the applicant by
fraud or misrepresentation of facts, it may, by order, declare such ruling to
be void ab initio and thereupon
all the provisions of this Act shall apply (after excluding the period
beginning with the date of such advance ruling and ending with the date of
order under this sub-section) to the applicant as if such advance ruling had
never been made.
(2) A copy of the order
made under sub-section (1) shall be sent to the applicant and the Commissioner.