Advance pricing agreement

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on the basis of the prescribed method being the most appropriate method. (2) The arm's length price referred to in sub-section (1) shall be determined by the Board in the manner provided in sub-sections (1) to (4) of section 106. (3) However, the Board may make such other adjustments to the price determined under sub-section (2), as may be necessary or expedient to do so, to arrive at the arm'....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....agreement has been entered into; and (c) on the Commissioner, and the income-tax authorities subordinate to him, in respect of the person and the said transaction. (7) However, the agreement referred to in sub-section (1) shall not be binding, if there is a change in law on the basis of which the agreement has been entered into. (8) The Board may, by order, declare an agreement to be void a....