Constitution of the Board for Advance Ruling

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....e benches of the Authority. The principal bench consists of Chairman, one revenue member and one law member. The other benches consist of one Vice-Chairman, one revenue member and one law member, each. A bench cannot function if the post of Chairman or Vice-Chairman is vacant. As per section 245-O of the Act, persons eligible for appointment as Chairman of AAR are retired judges of the Supreme Court, retired Chief Justice of a High Court or retired Judge of a High Court who has served in that capacity for at least seven years. Similarly, the persons eligible for appointment as Vice-Chairman are retired judges of a High Court. As per past experience, the posts of Chairman and Vice- Chairman have remained vacant for a long time due to non-ava....

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.... the Board of Advance Rulings and change in the definition of Authority to include the Board for Advance Rulings. (v) Section 245-O is proposed to be amended to provide that the Authority constituted under the said section shall cease to operate on or after the notified date. (vi) Section 245-OB shall be inserted to provide for the constitution of the Board of Advance Rulings. (vii) Section 245P is proposed to be amended to provide that on or from the notified date, the provisions of the said section shall have effect as if for the words "Authority", the words "Board for Advance Rulings" had been substituted; (viii) Section 245Q (which deals with filing of application) is proposed to be amended to provide that the pending applicatio....

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....e 31st day of March, 2023. Every such notification shall, as soon as may be after the notification is issued, be laid before each House of Parliament. (xi) Section 245S (which deals with the applicability of advance ruling and makes it binding on the assessee and the Department) is proposed to be amended to provide that nothing contained in the said section shall apply on and after the notified date. (xii) Section 245T (which deals with advance ruling to be void in certain situation) is proposed to be amended to provide that on or from the notified date, the provisions of the said section shall have effect as if for the words "Authority", the words "Board for Advance Rulings" had been substituted. Also, a specific reference to advance r....