Income Tax Act · s 5B

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s 5BRulings

(1)

The Collector may at any time make a ruling on the application of any provisions of this Act in relation to any person or any type of arrangement.

(2)

The rulings made under subsection (1) shall be binding.

(3)

The Collector may withdraw, either whole or partly any ruling made under this section.

(4)

Notwithstanding any other provision of this Act, where the ruling in subsection (1) applies to any person in relation to an arrangement and the person applies the provision in the manner stated in the ruling, the

Collector shall apply the provision in relation to the person and the arrangement in accordance with the ruling.