Section 71B
Public ruling
of Petroleum (Income Tax) Act 1967
ActIn forceProvision 94 of 124
Section 71B
(1)
The Director General may at any time make a public ruling on the application of any provision of this Act in relation to any chargeable person or any type of arrangement.
(2)
The Director General may withdraw, either wholly or partly, any public ruling made under subsection (1).
(3)
Notwithstanding any other provisions of this Act, where a public ruling made under subsection (1) applies to any chargeable person in relation to an arrangement and the chargeable person applies the provision in the manner stated in the ruling, the Director General shall apply the provision in relation to the chargeable person and the arrangement in accordance with the ruling.
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