Income Tax Act, 1962 (Act 58 of 1962)
Chapter III: General Provisions
Part IA: Advance Tax Rulings
76M. Withdrawal or modification (Repealed)
[Repealed by the Tax Administration Act, 2011 (Act No. 28 of 2011)].
|1)||The Commissioner may withdraw or modify an advance tax ruling at any time, subject to the requirements of this section.|
|2)||Notice of the withdrawal or modification of an advance tax ruling must be published in such manner and media as the Commissioner may deem appropriate.|
|3)||The notice of withdrawal or modification may be made in such manner and in such form as the Commissioner may prescribe: Provided that such notice must include the following information—|
|a)||the title or number of the advance tax ruling being withdrawn or modified;|
|b)||if a modification, a summary of the changes made; and|
|c)||the effective date of the withdrawal or modification.|
|4)||If the advance tax ruling is either a binding private ruling or a binding class ruling, the Commissioner must first provide the applicant with notice of the proposed withdrawal or modification and a reasonable opportunity to state any proposition of law or fact relevant to the decision to withdraw or modify the ruling.|
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