Experts unsure if new AAR for direct taxes will resolve disputes faster

Experts also believe that at least pendency of cases would come down, though only time will tell about quality of orders

The Authority for Advance Rulings (AAR) for direct taxes will be replaced by the Board for Advance Rulings from the next fiscal year.

The board will comprise two members, who are officers not below the rank of chief commissioner. These were the Budget proposals, aimed at ensuring faster disposal of cases. The proposals also talked about limiting the interface between the board and the applicant in the course of the proceedings to the extent technologically feasible. 

They also called for optimising utilisation of resources through economies of scale and functional specialisation and introducing a system with a dynamic jurisdiction.

But the issue is