Section 391 Income Tax Act 2025 Direct payment. 391. (1) The income-tax on any income shall be payable directly by the assessee if— (a) there is no provision under this Chapter to deduct income-tax on such income at the time of payment; or (b) income-tax has not been deducted as per the provisions of this Chapter.… Read More »
Section 388 Income Tax Act 2025 Procedure of Board for Advance Rulings. 388. The Board for Advance Rulings shall, subject to the provisions of this Chapter, have power to regulate its own procedure in all matters arising out of the exercise of its powers under this Act.
Section 389 Income Tax Act 2025 Appeal. 389. (1) The applicant, if aggrieved by any ruling pronounced or order passed by the Board for Advance Rulings or the Assessing Officer, on the directions of the Principal Commissioner or Commissioner, may appeal to the High Court against such ruling or order of the Board for Advance Rulings… Read More »
Section 387 Income Tax Act 2025 Powers of the Board for Advance Rulings. 387. (1) The Board for Advance Rulings shall, for the purpose of exercising its powers, have all the powers of a civil court under the Code of Civil Procedure, 1908 (5 of 1908) as are referred to in section 246 of this Act. (2) The… Read More »
Section 386 Income Tax Act 2025 Advance ruling to be void in certain circumstances. 386. (1) Where on a representation made by the Principal Commissioner or Commissioner or otherwise, the Board for Advance Rulings finds, that an advance ruling pronounced under section 384(6) has been obtained by the applicant by fraud or misrepresentation, then it may by order,… Read More »
Section 385 Income Tax Act 2025 Appellate authority not to proceed in certain cases. 385. No income-tax authority or the Appellate Tribunal shall proceed to decide any issue for which an application has been made by an applicant, being a resident, under section 383(1).
Section 384 Income Tax Act 2025 Procedure on receipt of application. 384. (1) On receipt of an application, the Board for Advance Rulings shall forward a copy thereof to the Principal Commissioner or Commissioner and, call upon him to furnish the relevant records, which shall be returned at the earliest opportunity. (2) The Board for Advance… Read More »
Section 383 Income Tax Act 2025 Application for advance ruling. 383. (1) An applicant desirous of obtaining an advance ruling under this Chapter, may make an application in such form and manner, as may be prescribed, stating the question on which the advance ruling is sought. (2) The application shall be accompanied by a fee, as… Read More »
Section 382 Income Tax Act 2025 Vacancies, etc., not to invalidate proceedings. 382. No proceeding before, or pronouncement of advance ruling by, the Board for Advance Rulings, shall be questioned or shall be invalid on the ground merely of the existence of any vacancy or defect in the constitution of the Board for Advance Rulings.
Section 381 Income Tax Act 2025 Board for Advance Rulings. 381. (1) The Central Government shall constitute one or more Boards for Advance Rulings, as may be necessary, for giving advance rulings under this Chapter on or after such date as the Central Government may, by notification, appoint. (2) The Board for Advance Rulings shall consist… Read More »