APA under Sections 92CC and 92CD:
APre-determination of ALP up to 5 years (+4 rollback)
BSettlement of disputes (per relevant Section)
CTDS arrangement
DCustoms duty
Answer & Solution
Correct answer: A. Pre-determination of ALP up to 5 years (+4 rollback)
1. Sections 92CC/92CD (FA 2012): Advance Pricing Agreements.
2. APA covers max 5 future years; rollback to 4 prior years (FA 2014).
3. Unilateral, bilateral or multilateral. Binding once entered.
_Source: ICAI BoS CA Final Paper 7, Ch 24 "Transfer Pricing"_
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