Section 388 of Income Tax Act, 2025 : Procedure of Board for Advance Rulings. HomeIncome Tax Act, 2025Section 388 of Income Tax Act, 2025 : Procedure of Board for Advance Rulings. published by Advocate Shruti Goyal | February 14, 2025 The Board for Advance Rulings shall, subject to this Chapter, have power to regulate its own procedure in all matters arising out of the exercise of its powers under this Act.