Authority for Advance Rulings: central body composition, bench structure and civil court powers for income tax advance rulings. The provision creates the Authority for Advance Rulings to issue income tax advance rulings, constituted by the Central Government with a Chairman, Vice ... Summary
Authority for Advance Rulings: central body composition, bench structure and civil court powers for income tax advance rulings.
The provision creates the Authority for Advance Rulings to issue income tax advance rulings, constituted by the Central Government with a Chairman, Vice chairmen, revenue Members and law Members meeting prescribed qualifications, terms and conditions. The Central Government supplies officers and staff. Powers may be exercised by Benches of three (Chairman or Vice chairman, one revenue Member and one law Member). Vacancy and temporary incapacity are addressed by senior most Vice chairman acting as Chairman. The Authority is based in the National Capital Territory with Benches at notified locations and holds specified civil court powers.
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