https://www.taxtmi.com/manuals?id=4505 An Advance Pricing Agreement may be cancelled for failure to comply with its terms, late or materially erroneous annual compliance reports, or under related rules; the Board must give the assessee an opportunity to be heard and, for bilateral or multilateral APAs, the competent authority must communicate reasons to counterpart authorities. Cancellation orders must be written, state reasons and reasons for non-acceptance of the assessee's submissions, specify the effective date where applicable, and declarations of voidness for fraud or misrepresentation must likewise be written with reasons. The order must be intimated to the Assessing Officer and the Transfer Pricing Officer. en-us Tue, 27 Feb 2024 15:41:00 +0530 Tue, 27 Feb 2024 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4505 An Advance Pricing Agreement may be cancelled for failure to comply with its terms, late or materially erroneous annual compliance reports, or under related rules; the Board must give the assessee an opportunity to be heard and, for bilateral or multilateral APAs, the competent authority must communicate reasons to counterpart authorities. Cancellation orders must be written, state reasons and reasons for non-acceptance of the assessee's submissions, specify the effective date where applicable, and declarations of voidness for fraud or misrepresentation must likewise be written with reasons. The order must be intimated to the Assessing Officer and the Transfer Pricing Officer. Manuals Income Tax Tue, 27 Feb 2024 15:41:00 +0530 https://www.taxtmi.com/manuals?id=4505