The Finance (No.2) Act, 2014 introduced the rollback provisions under the Advance Pricing Agreement (APA) program. The rules have been notified [Notification 23/2015 (F.No.142 /14/2014-TPL]/ SO 758(E)] on 14 March 2015 setting out the applicability and the requirement for applying rollback.
The APAs can now be rolled-back for a period of 4 previous years subject to certain conditions.
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