Amendment to definitions expands Board for Advance Rulings reference and omits certain sub-clauses in the Income-tax Act. The amendment to section 245N removes sub-clauses (B), (C) and (D) of clause (b) by notification, inserts reference to the Board for Advance Rulings into clause (c), creates clause (ca) defining the Board and its members constituted under section 245-OB, and expands clause (f) to include a Member of the Board for Advance Rulings; the amendment is to take effect from 1st April, 2021.
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Provisions expressly mentioned in the judgment/order text.
Amendment to definitions expands Board for Advance Rulings reference and omits certain sub-clauses in the Income-tax Act.
The amendment to section 245N removes sub-clauses (B), (C) and (D) of clause (b) by notification, inserts reference to the Board for Advance Rulings into clause (c), creates clause (ca) defining the Board and its members constituted under section 245-OB, and expands clause (f) to include a Member of the Board for Advance Rulings; the amendment is to take effect from 1st April, 2021.
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