Board for Advance Rulings: Central Government to constitute Boards with two senior members to issue advance rulings. Insertion establishes a Board for Advance Rulings to give advance rulings under the Income-tax Act, authorises the Central Government to constitute one or more Boards and fix their commencement by notification, and prescribes that each Board shall consist of two members who are officers not below the rank of Chief Commissioner.
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Provisions expressly mentioned in the judgment/order text.
Board for Advance Rulings: Central Government to constitute Boards with two senior members to issue advance rulings.
Insertion establishes a Board for Advance Rulings to give advance rulings under the Income-tax Act, authorises the Central Government to constitute one or more Boards and fix their commencement by notification, and prescribes that each Board shall consist of two members who are officers not below the rank of Chief Commissioner.
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