The CBDT vide Notification No. 38/2023 dated June 12, 2023 has made amendments to the e-advance rulings Scheme, 2022, as follows:
1. The scheme is now called the e-advance rulings (Amendment) Scheme, 2023, and it comes into effect upon publication in the Official Gazette.
2. In paragraph 6, sub-paragraph (C) of the e-advance rulings Scheme, clause (iv) is replaced by the following clauses:
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- The Board for Advance Rulings will consider the applicant’s response as per clause (iii) and provide an opportunity of being heard through video conferencing or video telephony, in accordance with section 245R(5) of the Income Tax Act, 1961.
- The Board will pronounce the advance ruling on the specified question and send a copy to the applicant and the relevant authority.
- In case of differing opinions among the Board members, the matter will be referred to the Principal Chief Commissioner of Income-tax (International Taxation), who will nominate a member from another Board for Advance Rulings, and the decision will be based on the majority opinion.
These amendments aim to streamline the process of advance rulings and ensure proper consideration of applicant responses and differing opinions within the Board.
The Notification can be accessed at: https://incometaxindia.gov.in/communications/notification/notification-38-2023.pdf