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<h1>Finance Ministry Updates e-Advance Rulings Scheme: Video Hearings Allowed, New Decision Process for Disagreements.</h1> The Ministry of Finance has amended the e-advance rulings Scheme, now termed the e-advance rulings (Amendment) Scheme, 2023, effective from its publication date in the Official Gazette. The amendments involve changes to paragraph 6 of the 2022 Scheme, allowing the Board for Advance Rulings to conduct hearings via video conferencing. If board members disagree on a ruling, the issue is referred to the Principal Chief Commissioner of Income-tax (International Taxation), who will appoint an additional member to reach a majority decision. The ruling is then communicated to the applicant and relevant authority.
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