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>New Amendment to e-Advance Rulings Scheme: Majority Rule with Third Member Resolves Disputes Among Board Members.</h1> The e-advance rulings (Amendment) Scheme, 2023, modifies the e-advance rulings Scheme, 2022, under the Income-tax Act, 1961. It stipulates that in cases where there is a difference of opinion among the Board for Advance Rulings members, the issue will be resolved by a majority decision with the involvement of a third member. This third member is nominated by the Principal Chief Commissioner of Income-tax (International Taxation). The amendment ensures the decision-making process is streamlined and provides applicants the opportunity to be heard via video conferencing.