https://www.taxtmi.com/caselaws?id=470238 A subsequently executed Advance Pricing Agreement covering substantially identical transactions may be considered for the year under appeal where its applicability requires factual verification. The agreement's benchmarking approach and covered transactions must be examined afresh by the Assessing Officer, with reference to the Transfer Pricing Officer where required. Additional invoices supporting foreign-currency business expenditure may also be admitted where invoices formed the basis for partial acceptance of the claim. Their genuineness must be verified before the expenditure disallowance is reconsidered, and remaining transfer-pricing issues may depend on that examination. en-us Fri, 04 Feb 2022 00:00:00 +0530 Tue, 21 Jul 2026 12:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470238 A subsequently executed Advance Pricing Agreement covering substantially identical transactions may be considered for the year under appeal where its applicability requires factual verification. The agreement's benchmarking approach and covered transactions must be examined afresh by the Assessing Officer, with reference to the Transfer Pricing Officer where required. Additional invoices supporting foreign-currency business expenditure may also be admitted where invoices formed the basis for partial acceptance of the claim. Their genuineness must be verified before the expenditure disallowance is reconsidered, and remaining transfer-pricing issues may depend on that examination. Case-Laws Income Tax Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470238