https://www.taxtmi.com/acts?id=50477 The amendment provides that an arm's length price determined for a previous year shall apply to similar international or specified domestic transactions for the two consecutive previous years if the assessee files prescribed option(s) and the Transfer Pricing Officer, within one month from the end of the month in which such option(s) are exercised, issues a written declaration validating the option(s); upon such declaration the Transfer Pricing Officer shall determine the arm's length price for those two years and the Assessing Officer shall recompute total income for those years accordingly. en-us Tue, 01 Apr 2025 13:01:01 +0530 Wed, 02 Apr 2025 18:18:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50477 The amendment provides that an arm's length price determined for a previous year shall apply to similar international or specified domestic transactions for the two consecutive previous years if the assessee files prescribed option(s) and the Transfer Pricing Officer, within one month from the end of the month in which such option(s) are exercised, issues a written declaration validating the option(s); upon such declaration the Transfer Pricing Officer shall determine the arm's length price for those two years and the Assessing Officer shall recompute total income for those years accordingly. Act-Rules F. Acts / Amendment Acts Tue, 01 Apr 2025 13:01:01 +0530 https://www.taxtmi.com/acts?id=50477