Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Section 245-O Update: Authority for Advance Rulings shifts to Appellate Role for Customs; New Proviso on Revenue Member.</h1> Section 245-O of the Income-tax Act is amended to specify that the Authority for Advance Rulings will no longer function in this capacity for Chapter V of the Customs Act, 1962, upon the appointment of the Customs Authority for Advance Rulings under section 28EA. Instead, it will serve as an Appellate Authority for the Customs Act, not admitting appeals against its previous rulings. Additionally, a proviso is added to ensure that the revenue member of the bench handling advance ruling applications is specified as per the Act's provisions.