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of <h1>Circular Clarifies APA Rollback Provisions: Eligibility, Filing, MAP Impact, and Effects of Mergers/Demergers Explained.</h1> The circular provides clarifications on the rollback provisions of the Advance Pricing Agreement (APA) Scheme, introduced in 2012. The rollback provisions, added in 2014, allow the application of agreed transfer pricing methods to previous years. Key points include eligibility criteria for filing revised returns, the requirement to apply rollback for all applicable years unless disqualified, conditions under which rollback is not allowed, and the implications of pending or concluded Mutual Agreement Procedure (MAP) applications. The circular also addresses procedural aspects like compliance audits, withdrawal options, and the impact of mergers or demergers on APA applicants.
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