https://www.taxtmi.com/manuals?id=4489 An Advance Pricing Agreement (APA) fixes the arm's length price (ALP) or the method of its determination for specified international transactions and, for the APA term, requires that ALP be determined solely under the APA. An APA is binding on the taxpayer and the Commissioner of Income Tax and subordinate authorities having jurisdiction. The regime contemplates multi year terms and includes statutory provisions that may render an APA nonbinding or void and regulatory provisions permitting revision or cancellation. en-us Thu, 22 Feb 2024 18:32:00 +0530 Wed, 28 Feb 2024 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4489 An Advance Pricing Agreement (APA) fixes the arm's length price (ALP) or the method of its determination for specified international transactions and, for the APA term, requires that ALP be determined solely under the APA. An APA is binding on the taxpayer and the Commissioner of Income Tax and subordinate authorities having jurisdiction. The regime contemplates multi year terms and includes statutory provisions that may render an APA nonbinding or void and regulatory provisions permitting revision or cancellation. Manuals Income Tax Thu, 22 Feb 2024 18:32:00 +0530 https://www.taxtmi.com/manuals?id=4489