Advance pricing agreements may determine arm's length price for prior years under prescribed conditions and manner. The amendment permits an advance pricing agreement to provide for determining the arm's length price, or specify the manner of its determination, in relation to international transactions entered into during a period not exceeding four previous years preceding the first of the previous years referred to in subsection (4), subject to prescribed conditions, procedure and manner; such arm's length price shall be determined in accordance with the agreement.
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 agreements may determine arm's length price for prior years under prescribed conditions and manner.
The amendment permits an advance pricing agreement to provide for determining the arm's length price, or specify the manner of its determination, in relation to international transactions entered into during a period not exceeding four previous years preceding the first of the previous years referred to in subsection (4), subject to prescribed conditions, procedure and manner; such arm's length price shall be determined in accordance with the agreement.
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