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CBDT Notifies Constitution of Board for Advance Rulings under section 245-OB

cbdt-notifies-constitution-of-board-for-advance-rulings-under-section-245-ob

CBDT vide Notification No. 96/2021 in S.O. 3561(E) dated 01.09.2021 has notified the Board for Advance Rulings under the section 245-OB of the Income-tax Act, 1961 (“Act”) for the purposes of giving advance rulings under Chapter XIX-B of the Act on or after the 1st day of September 2021.


The Board shall have its headquarters in Delhi and Mumbai.



Finance Act, 2021 has replaced Authority for Advance Rulings with a Board for Advance Rulings. It also provides a right to appeal against the order of such Board to the High Court.


Read the article on Board for Advance Rulings to replace Authority for Advance Rulings (AAR) here.


Read the full text of Notification No. 96/2021 dated 01.09.2021 on  Constitution of Board for Advance Rulings under section 245-OB


MINISTRY OF FINANCE 

(Department of Revenue) 


(CENTRAL BOARD OF DIRECT TAXES) 


NOTIFICATION 


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 the purposes of giving advance rulings under Chapter XIX-B of the said Act on or after the 1st day of September, 2021.


SCHEDULE 


Sl.No.Board for Advance RulingsHeadquarters
(1)(2)(3)
1.Board for Advance Rulings-IDelhi
2.Board for Advance Rulings-IIDelhi
3.Board for Advance Rulings-IIIMumbai

[Notification No. 96/2021/F.No. 370142/31/2021-TPL (Part II)] 

SHEFALI SINGH, Under Secy.


Download CBDT Notification No. 96/2021 dated 01.09.2021 on Constitution of Board for Advance Rulings under section 245-OB in pdf format



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