CBDT forms 3 Boards for Advance Rulings (BAR) to fast-track tax disputes
The Central Board of Direct Taxes (CBDT) has set up three Boards for Advance Rulings (BAR). the Boards will ensure faster disposal of cases and avoid income tax disputes, made operational from September 01, 2021.
- These BARS will take place of Authority for Advance Rulings (AAR) to avoid dispute in respect of assessment of tax liability and to provide tax certainty.
- two BARs have been set up in Delhi and one has been set up in Mumbai.
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