The Board for Advance Rulings has the powers of issuing commissions – Examine the correctness or otherwise of this statement.

The statement is correct. Under section 245U, the Board for Advance Rulings shall have all the powers vested in the Civil Court under the Code of Civil Procedure, 1908 as are referred to in section 131. Accordingly, the Board for Advance Rulings shall have the same powers as are vested in a court under the Code of Civil Procedure, 1908, when trying a suit in respect of the following matters, namely - (1) discovery and inspection; (2) enforcing the attendance of any person, including any officer of a banking company and examining him on oath; (3) compelling the production of books of account and other documents; and (4) issuing commissions. Therefore, the Board for Advance Ruling has the powers of issuing commissions.