highlight on cbdt releases
CBDT RELEASES CLARIFICATIONS ON ROLL-BACK PROVISIONS OF THE ADVANCE PRICING AGREEMENT SCHEME The Advance Pricing Agreement provisions were introduced in 2012 through the insertion of sections 92CC and 92CD in the Income-tax Act, 1961 by the Finance Act, 2012. Subsequently, the Advance Pricing Agreement Scheme was notified vide S.O. 2005 (E), dated 30/8/2012, thereby inserting …