CA Final · Direct Tax Laws & International Taxation · Advance Rulings
Under the Income-tax Act, 2025 and Rules, 2026, which statement about the Board for Advance Rulings' proceedings and rulings is correct?
The Board has the powers of a civil court as referred to in section 246, and its proceedings are deemed judicial proceedings. It also regulates its own procedure, appeals go to the High Court, and certified copies come from the Commissioner, Deputy Commissioner or Board.
- AIts proceedings are deemed judicial proceedings, and it has civil court powers as referred to in section 246Correct
- BIt cannot regulate its own procedure
- CAppeals against its rulings under section 389(1) lie to the Supreme Court in a prescribed form
- DCopies of its rulings are certified by the applicant
Explanation
Section 387 gives the Board the powers of a civil court as referred to in section 246 and deems its proceedings judicial proceedings. Section 388 lets it regulate its own procedure, so option B is wrong. Rule 202 sends appeals to the High Court, and Rule 201 provides certification by the Commissioner, Deputy Commissioner or Board.
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