Authority for Advance Ruling: Rules of the Game Altered


By CA. Ketan Ved and CA. Urvi Mehta

Executive Summary

Constitution of the Board for Advance Ruling and the need to pronounce rulings in advance?

Union Budget 2021 inter-alia proposes to take the agenda of the Government of making the tax payer and the tax department interactions faceless and also the time and again emphasized objective of minimizing tax litigation. Various
steps are proposed to be taken towards these twin objectives viz.:

– Constitution of a Dispute Resolution
Committee for small and medium taxpayers;

Source: Published in AIFTP Journal – Feb., 2021 issue Page No. 43

Constitution of the Board for Advance Ruling and the need to pronounce rulings in advance?

Union Budget 2021 inter-alia proposes to take the agenda of the Government of making the tax payer and the tax department interactions faceless and also the time and again emphasized objective of minimizing tax litigation. Various
steps are proposed to be taken towards these twin objectives viz.:

– Constitution of a Dispute Resolution
Committee for small and medium taxpayers;

About the Author: Details are awaited

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Posted on: March 3rd, 2021


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