Meaning of expressions used in matters in respect of advance pricing agreement.

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....means an advance pricing agreement entered into between the Board and the applicant, with the approval of the Central Government, as referred to in sub-section (1) of section 92CC of the Act; (b) "application" means an application for advance pricing agreement made under rule 10-I; ^2[(ba) "applicant" means a person who has made an application;] (c) "bilateral agreement"....

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....tering into an agreement will continue to be bound by the agreement, if any of the factors or assumptions is changed; (g) "most appropriate transfer pricing method" means any of the transfer pricing method, referred to in sub-section (1) of section 92C of the Act, being the most appropriate method, having regard to the nature of transaction or class of transaction or class of associated p....

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....tion; (j) "team" means advance pricing agreement team consisting of income-tax authorities as constituted by the Board and including such number of experts in economics, statistics, law or any other field as may be nominated by the Director General of Income-tax (International Taxation); (k) "unilateral agreement" means an agreement between the Board and the applicant which is ne....