https://www.taxtmi.com/manuals?id=4504 Revision of Advance Pricing Agreement (APA) under Rule 10Q allows the Board to revise an APA for changed critical assumptions, unmet conditions, qualifying changes in law, or on competent authority request. Revision may be suo motu or on request; except when requested by the assessee, revision requires an opportunity to be heard and the assessee's agreement, failing which cancellation under Rule 10R may follow. The revised APA must specify original and revised application dates. After revision the assessee must file a modified return within three months and the assessing officer will reassess income for relevant assessment years per the revised APA. en-us Tue, 27 Feb 2024 15:24:00 +0530 Tue, 27 Feb 2024 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4504 Revision of Advance Pricing Agreement (APA) under Rule 10Q allows the Board to revise an APA for changed critical assumptions, unmet conditions, qualifying changes in law, or on competent authority request. Revision may be suo motu or on request; except when requested by the assessee, revision requires an opportunity to be heard and the assessee's agreement, failing which cancellation under Rule 10R may follow. The revised APA must specify original and revised application dates. After revision the assessee must file a modified return within three months and the assessing officer will reassess income for relevant assessment years per the revised APA. Manuals Income Tax Tue, 27 Feb 2024 15:24:00 +0530 https://www.taxtmi.com/manuals?id=4504