24 Authority for advance rulings to function as Authority under this Act
(1) Notwithstanding anything contained in any other law for the time being
in force and in section 19 of this Act, the Authority for Advance Rulings
constituted under section 245-O of the Income-Tax Act, 1961 (43 of 1961) shall
be notified by the Central Government in the Official Gazette, with such
modifications as may be necessary, to make its composition in conformity with
section 19 of this Act, as the Authority under this Act till such time an Authority
is constituted under that section.
(2) On and from the date of the constitution of the Authority in accordance with
the provisions of section 19 of this Act, the proceedings pending with the Authority
for Advance Rulings shall stand transferred to the Authority constituted under that
section from the stage at which such proceedings stood before the date of
constitution of the said Authority. |