Advance pricing agreement: modified return required and assessments or reassessments adjusted under specified procedural timelines and extensions. An assessee must furnish a modified return, limited to and in accordance with the agreement, within three months of the month in which the advance pricing agreement is entered into; other provisions apply as if it were a return under section 263. If assessment or reassessment proceedings were initiated before filing, the Assessing Officer shall modify completed orders or complete pending proceedings in accordance with the agreement, subject to prescribed time limits and extensions.
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: modified return required and assessments or reassessments adjusted under specified procedural timelines and extensions.
An assessee must furnish a modified return, limited to and in accordance with the agreement, within three months of the month in which the advance pricing agreement is entered into; other provisions apply as if it were a return under section 263. If assessment or reassessment proceedings were initiated before filing, the Assessing Officer shall modify completed orders or complete pending proceedings in accordance with the agreement, subject to prescribed time limits and extensions.
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