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of <h1>Income Tax Bill 2025 Clause 381 mirrors existing Section 245OB establishing Boards for Advance Rulings with administrative officers</h1> The Income Tax Bill 2025's Clause 381 and the Income-tax Act 1961's Section 245OB both establish Boards for Advance Rulings with identical structures. Both provisions mandate the Central Government to constitute one or more Boards comprising two members, each being officers not below Chief Commissioner rank, nominated by the Board. This administrative model replaced the earlier Authority for Advance Rulings, which included judicial members. The provisions aim to provide taxpayers with clarity on tax interpretations before transactions, though concerns exist about independence and impartiality given the purely administrative composition without judicial oversight.
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