Modification of total income under advance pricing agreements requires the Assessing Officer to pass an order aligning assessments with the agreement. Where assessment or reassessment for the relevant assessment year is completed before the period for filing a modified return, the Assessing Officer must pass an order modifying the total income determined in that assessment or reassessment to give effect to the terms of the advance pricing agreement; a consequential amendment aligns related clause language with this remedial mechanism.
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.
Modification of total income under advance pricing agreements requires the Assessing Officer to pass an order aligning assessments with the agreement.
Where assessment or reassessment for the relevant assessment year is completed before the period for filing a modified return, the Assessing Officer must pass an order modifying the total income determined in that assessment or reassessment to give effect to the terms of the advance pricing agreement; a consequential amendment aligns related clause language with this remedial mechanism.
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