Rule - 10TG (of Income Tax Rules, 1962),Income-tax Rules, 1962
Rule - 10TG (of Income Tax Rules, 1962),Income-tax Rules, 1962
Mutual Agreement Procedure not to apply.
Where transfer price in relation to an eligible international transaction declared by an eligible assessee is accepted by the income-tax authorities under section 92CB (of Income Tax Act, 1961), the assessee shall not be entitled to invoke mutual agreement procedure under an agreement for avoidance of double taxation entered into with a country or specified territory outside India as referred to in section 90 (of Income Tax Act, 1961) or 90A (of Income Tax Act, 1961).
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