Notification No. 38/2023 - Dated: 12-6-2023 - Manner of disposal of application for advance ruling - In case difference of opinion between the members, decision will be taken by Majority with the help of Third Member - e-advance rulings (Amendment) Scheme, 2023

Section 245R 

- The Ministry of Finance has issued a notification regarding amendments to the e-advance rulings Scheme, 2022.
- The Scheme is now called the e-advance rulings (Amendment) Scheme, 2023.
- The amendments come into effect from the date of publication in the Official Gazette.
- In paragraph 6 of the e-advance rulings Scheme, 2022, clause (iv) is replaced with new clauses.
- The Board for Advance Rulings will consider the response and provide an opportunity of being heard to the applicant through video conferencing or video telephony.
- The advance ruling on the specified question will be pronounced and sent to the applicant and the relevant authority.
- If the Members of a Board for Advance Rulings have differing opinions on any point, it will be referred to the Principal Chief Commissioner of Income-tax (International Taxation).
- The Principal Chief Commissioner will nominate one Member from another Board for Advance Rulings, and the majority opinion will prevail in deciding the point or points of disagreement.

Full Text:

Notification No. 38/2023 - Dated: 12-6-2023 - Manner of disposal of application for advance ruling - In case difference of opinion between the members, decision will be taken by Majority with the help of Third Member - e-advance rulings (Amendment) Scheme, 2023

Section 245R