Rollback provision compliance requires modified returns, tax payment and withdrawal of related appeals to implement APA adjustments. An applicant must furnish a modified return under section 92CD for each rollback year covered by the agreement with proof of payment of additional tax computed per the rollback provision, and the modified return for a rollback year must be furnished along with the modified return for the first previous year requested in the application.
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Provisions expressly mentioned in the judgment/order text.
Rollback provision compliance requires modified returns, tax payment and withdrawal of related appeals to implement APA adjustments.
An applicant must furnish a modified return under section 92CD for each rollback year covered by the agreement with proof of payment of additional tax computed per the rollback provision, and the modified return for a rollback year must be furnished along with the modified return for the first previous year requested in the application.
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