https://www.taxtmi.com/notifications?id=5728 The rules establish a procedure for residents to invoke the Mutual Agreement Procedure via application to the Competent Authority of India; the Competent Authority must examine records on references from foreign counterparts, seek resolution under relevant agreements, communicate outcomes to senior tax officials where necessary, and require Assessing Officers to give effect to agreed resolutions once the assessee accepts the resolution and withdraws related appeals, with corresponding adjustments to tax, interest or penalty as permitted under the Income-tax Act and rules. en-us Thu, 06 Feb 2003 00:00:00 +0530 Tue, 02 Jul 2019 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=5728 The rules establish a procedure for residents to invoke the Mutual Agreement Procedure via application to the Competent Authority of India; the Competent Authority must examine records on references from foreign counterparts, seek resolution under relevant agreements, communicate outcomes to senior tax officials where necessary, and require Assessing Officers to give effect to agreed resolutions once the assessee accepts the resolution and withdraws related appeals, with corresponding adjustments to tax, interest or penalty as permitted under the Income-tax Act and rules. Notifications Income Tax Thu, 06 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=5728