Interpretation

380. For the purposes of this Chapter,— ( a) “advance ruling” means— ( i) a determination by the Board for Advance Rulings in relation to a transaction which has been undertaken or is proposed to be undertaken by a non-resident applicant; or 80. Substituted for “waive any penalty imposable” by the Finance Act, 2026, w.e.f. 1-4-2026. ( ii) a determination by the Board for Advance Rulings in relation to the tax liability of a non-resident arising out of a transaction which has been undertaken or is proposed to be undertaken by a resident applicant with such non-resident; or ( iii) a determination by the Board for Advance Rulings in relation to the tax liability of a resident applicant, arising out of a transaction which has been undertaken or is proposed to be undertaken by such applicant; and such determination shall include the determination of any question of law or of fact specified in the application; or ( iv) a determination or decision by the Board for Advance Rulings in respect of an issue relating to computation of total income which is pending before any income-tax authority or the Appellate Tribunal and such determination or decision shall include the determina - tion or decision of any question of law or of fact relating to such computation of total income specified in the application; or ( v) a determination or decision by the Board for Advance Rulings whether an arrangement, which is proposed to be undertaken by any person being a resident or a non-resident, is an impermissible avoidance arrangement as referred to in Chapter XI or not; ( b) “applicant” means any person who— ( i) is a non-resident referred to in clause (a)(i); or ( ii) is a resident referred to in clause (a)(ii); or ( iii) is a resident referred to in clause ( a)(iii) falling within any such class or category of persons as the Central Government may, by notification, specify; or ( iv) is a resident falling within any such class or category of persons as the Central Government may, by notification, specify in this behalf; or ( v) is referred to in clause (a)(v), and makes an application under section 383(1); ( c) “application” means an application made to the Board for Advance Rul- ings under section 383(1); ( d) “Board for Advance Rulings” means the Board for Advance Rulings constituted by the Central Government under section 381; ( e) “Member” means a Member of the Board for Advance Rulings. Board for Advance Rulings.