Section 388 — Procedure of Board for Advance Rulings. Successor to s.245V of the 1961 Act.
Section 388 is in Chapter XVIII — Appeals Revisions and Alternate Dispute Resolutions, which runs from section 356 to section 389.
One sentence: the Board for Advance Rulings has power to regulate its own procedure in all matters arising out of the exercise of its powers under the Act, subject to the provisions of this Chapter.
The Board for Advance Rulings is not a court and the Act does not prescribe a code of procedure for it. The section lets it settle its own procedure, while keeping that freedom inside whatever the Chapter itself lays down.
The power is over procedure, not over substance, and it is expressly "subject to the provisions of this Chapter", so anything the Chapter itself provides about how the Board must proceed prevails over a procedure the Board adopts for itself. Within that limit the power covers all matters arising out of the exercise of its powers under the Act, so there is no separate code to look for.
An applicant meets it only as the source of the procedure followed on his application before the Board for Advance Rulings; it confers no right and imposes no obligation on a taxpayer directly.
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
See the full 1961 to 2025 concordance.