https://www.taxtmi.com/acts?id=48442 The amendments provide that where an assessee exercises a prescribed option and the Transfer Pricing Officer declares that option valid for a previous year, no reference for computation of the arm's length price shall be made for that transaction; the arm's length price determined for a year may apply to similar transactions in the two immediately following years if the assessee files options in prescribed form and the TPO issues a written validity declaration, and where declared valid the TPO will determine prices for those subsequent years and the Assessing Officer will recompute total income accordingly. en-us Sat, 01 Feb 2025 14:33:25 +0530 Tue, 04 Feb 2025 15:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48442 The amendments provide that where an assessee exercises a prescribed option and the Transfer Pricing Officer declares that option valid for a previous year, no reference for computation of the arm's length price shall be made for that transaction; the arm's length price determined for a year may apply to similar transactions in the two immediately following years if the assessee files options in prescribed form and the TPO issues a written validity declaration, and where declared valid the TPO will determine prices for those subsequent years and the Assessing Officer will recompute total income accordingly. Act-Rules Bills Sat, 01 Feb 2025 14:33:25 +0530 https://www.taxtmi.com/acts?id=48442