advaya-jnana tattva-vastu krsnera svarupa
brahma, atma, bhagavan--tina tanra rupa
advaya-jnana—knowledge without duality; tattva-vastu—the Absolute Truth; krsnera—of Lord Krsna; sva-rupa—own nature; brahmaBrahman; atmaParamatma; bhagavan—the Supreme Personality of Godhead; tina—three; tanra—of Him; rupa—forms.
Lord Krsna Himself is the one undivided Absolute Truth, the ultimate reality. He manifests Himself in three features-as Brahman, Paramatma and Bhagavan.
In the verse from Srimad-Bhagavatam cited above (Bhag. 1.2.11), the principal word, bhagavan, indicates the Personality of Godhead, and Brahman and Paramatma are concomitants deduced from the Absolute Personality, as a government and its ministers are deductions from the supreme executive head. In other words, the principal truth is exhibited in three different phases. The Absolute Truth, the Personality of Godhead Sri Krsna (Bhagavan), is also known as Brahman and Paramatma, although all these features are identical.

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