Central Govt. constitutes IT ‘Boards for Advance Rulings’ u/s 245-OB with headquarters at Delhi and Mumbai, for the purposes of giving advance rulings under Chapter XIX-B of the Income Tax Act, 1961 on or after 01/09/2021.
As per amendments made by the Finance Act, 2021, the Authority for Advance Rulings (AAR) shall cease to operate from a Notified date. Accordingly, CBDT has notified constitution of the ‘Boards for Advance Rulings’ and that AAR shall cease to operate, w.e.f. 01/09/2021.
CBDT Income Tax Notification 96/2021 dt. 01/09/2021: Boards for Advance Rulings constituted by Govt. u/s 245-OB
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 01/09/2021.
|Sl. No.||Board for Advance Rulings||Headquarters|
|1.||Board for Advance Rulings-I||Delhi|
|2.||Board for Advance Rulings-II||Delhi|
|3.||Board for Advance Rulings-III||Mumbai|