2025Section 169
169. Effect to advance pricing agreement.
In the 1961 Act1 match · Unreviewed
- 1961 Section 92CD
From the Income Tax Department's correspondence.
(1) 23[Irrespective of anything to the contrary contained in section 263, where an income is modified as a result of advance pricing agreement entered into with any person then, such person shall, or any other person being an associated enterprise may,—
where the tax years relevant for such return or modified return shall be the years covered by such agreement.]
(3) Where a modified return is furnished under sub-section (1), and assessment or reassessment proceedings, in respect of a tax year to which the agreement applies, were initiated before the filing of such return then,—
as per the agreement after taking into consideration the modified return so furnished.
Footnotes
- 23.Sub. by Act No. 4 of 2026, w.e.f. 1-4-2026. Prior to its substitution, sub-section (1) read as under : "(1) If a return of income for any tax year covered by an advance pricing agreement has been furnished by any person, before the date of entering into the said agreement, he shall, irrespective of anything to the contrary contained in section 263, furnish a modified return, in accordance with and limited to the agreement, in respect of such tax years, within three months from the end of the month in which the agreement was entered into."↩