The Central Government has established new Boards for Advance Rulings under Section 245-OB of the Income-Tax Act, 1961. These boards will provide advance rulings from September 1, 2021. The schedule lists three boards: Board for Advance Rulings-I and Board for Advance Rulings-II, both headquartered in Delhi, and Board for Advance Rulings-III, headquartered in Mumbai.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 96/2021 -Income Tax
New Delhi, the 1st September, 2021
S.O. 3561(E). -In exercise of the powers conferred by sub-section (1) of section 245-OB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby constitutes the Boards for Advance Rulings specified in column (2) of the Schedule below, having its headquarters at the place mentioned in column (3) of the said Schedule, for
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FAQ :
The Boards for Advance Rulings are constituted for the purpose of giving advance rulings under Chapter XIX-B of the Income-tax Act, 1961.
The Boards for Advance Rulings are constituted in exercise of the powers conferred by sub-section (1) of section 245-OB of the Income-tax Act, 1961.
These Boards are effective for giving advance rulings on or after the 1st day of September, 2021.
Three Boards for Advance Rulings have been constituted: Board for Advance Rulings-I, Board for Advance Rulings-II, and Board for Advance Rulings-III.
Board for Advance Rulings-I and Board for Advance Rulings-II have their headquarters in Delhi. Board for Advance Rulings-III has its headquarters in Mumbai.
Source : https://www.incometaxindia.gov.in/communications/notification/notification_96_2021.pdf