https://www.taxtmi.com/acts?id=16312 Insertion creates an APA framework allowing the Board, with Central Government approval, to enter into agreements determining arm's length price or its method for international transactions; APAs bind the taxpayer and the Commissioner, are valid for up to five consecutive previous years, may be declared void ab initio for fraud or misrepresentation with specified limitation-period consequences, and require taxpayers to file modified returns limited to the APA, with Assessing Officers obliged to assess or reassess in accordance with the APA and with prescribed timelines and extensions for pending proceedings. en-us Tue, 29 May 2012 12:18:47 +0530 Tue, 29 May 2012 12:18:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16312 Insertion creates an APA framework allowing the Board, with Central Government approval, to enter into agreements determining arm's length price or its method for international transactions; APAs bind the taxpayer and the Commissioner, are valid for up to five consecutive previous years, may be declared void ab initio for fraud or misrepresentation with specified limitation-period consequences, and require taxpayers to file modified returns limited to the APA, with Assessing Officers obliged to assess or reassess in accordance with the APA and with prescribed timelines and extensions for pending proceedings. Act-Rules F. Acts / Amendment Acts Tue, 29 May 2012 12:18:47 +0530 https://www.taxtmi.com/acts?id=16312