TaxTMI 
TaxTMI 
Amendment of section 245-O.
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....i) for clause (c), the following clause shall be substituted, namely:- "(c) a revenue Member- (i) from the Indian Revenue Service, who is, or is qualified to be, a Member of the Board; or (ii) from the Indian Customs and Central Excise Service, who is, or is qualified to be, a Member of the Central Board of Excise and Customs, on the date of occurrence of vacancy;"; (iii) in clause (d), af....
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....to amend section 245-O of the Income-tax Act relating to the Authority for Advance Rulings. Clause (a) of sub-section (3) of the aforesaid section provides that the Chairman of the Authority for Advance Rulings shall be a person who has been a Judge of the Supreme Court. It is proposed to amend the said clause (a) so as to provide that a person who has been the Chief Justice of a High Court or a....
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....rrence of the said vacancy shall be eligible to be appointed as the revenue Member of the Authority for Advance Rulings. It is further proposed to amend clause (d) of the said subsection (3) so as to provide that eligibility for appointment of law Member shall also be determined on the date of occurrence of vacancy. It is also proposed to insert sub-sections (6A) and (6B) in the aforesaid sectio....