Advance Tax Rulings

A Supreme Court bench led by Justice JB Pardiwala sought the Centre's response to a plea alleging the Securities Transaction Tax violates equality and trade rights

According to the CBDT release, these Boards started functioning through e-mail-based procedures and conducting hearing through video conferencing

Set up in 1993 to provide clarity to MNCs about taxability of certain transactions, and later to domestic companies for deals above Rs 100 cr, it has become dysfunctional due to vacancies at the top

The decision is to bring greater transparency in cross national transactions