Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Advance Pricing Agreement revision rules cover changed assumptions, legal changes, hearing requirements, and cancellation if revision is opposed. Revision of an Advance Pricing Agreement may be made by the Board when critical assumptions change, conditions are not met, law changes affect covered matters, or a foreign competent authority seeks revision in a bilateral or multilateral agreement. Revision may be initiated suo motu or on request of the assessee, the competent authority in India, or the Director General of Income-tax (International Taxation). Except where the assessee requests revision, hearing and the assessee's agreement to the proposal are required, failing which cancellation may follow under the relevant rule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance Pricing Agreement revision rules cover changed assumptions, legal changes, hearing requirements, and cancellation if revision is opposed.
Revision of an Advance Pricing Agreement may be made by the Board when critical assumptions change, conditions are not met, law changes affect covered matters, or a foreign competent authority seeks revision in a bilateral or multilateral agreement. Revision may be initiated suo motu or on request of the assessee, the competent authority in India, or the Director General of Income-tax (International Taxation). Except where the assessee requests revision, hearing and the assessee's agreement to the proposal are required, failing which cancellation may follow under the relevant rule.
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