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Rule 10T of Income Tax Rules 1962: Miscellaneous

Rule 10T - Miscellaneous

(1) Mere filing of an application for an agreement under these rules shall not prevent the operation of Chapter X of the Act for determination of arms' length price under that Chapter till the agreement is entered into.

(2) The negotiation between the competent authority in India and the competent authority in the other country or countries, in case of bilateral or multilateral agreement, shall be carried out in accordance with the provisions of the tax treaty between India and the other country or countries.




Extra Notes for Readers:

- Rule 10T was introduced by the Income Tax (10th Amendment) Rules, 2012, w.e.f. 30-8-2012



Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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