TaxTMI 
TaxTMI 
Application seeking to give effect to terms of any agreement under section 533(2)(p) and procedure for giving effect to decision under agreement
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....is a resident of India, is aggrieved by any action of the tax authorities of any country or specified territory outside India which, according to him, is not in accordance with the terms of agreement with such other country or specified territory, he may make an application to the competent authority of India seeking to invoke the mutual agreement procedure, if provided in such agreement, in Form ....
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....om the income-tax authorities or the assessee or his authorised representative in India; or (b) have a discussion with such authorities or assessee or representative, to understand the actions taken by the income-tax authorities in India or outside that are not in accordance with the terms of the agreements between India and the other country or specified territory. (4) The competent a....
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....itory, the same shall be communicated in writing to the assessee. (7) The assessee shall communicate his acceptance or non-acceptance of the resolution in writing to the competent authority of India within one month from the end of the month in which communication has been received under sub-rule (6). (8) The acceptance of the resolution by the assessee shall be accompanied by proof of withd....
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.... and intimate the assessee about the tax payable determined by him, if any. (11) The assessee shall pay the tax as determined under sub-rule (10) within the time allowed by the Assessing Officer and shall submit the proof of payment of taxes to the Assessing Officer, who shall then proceed to withdraw the pending appeal, if any, pertaining to subject matter of the resolution under sub-rule (4),....