CBDT inks 10 more Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) has entered into 10 more Advance Pricing Agreements (APAs) pertaining to various sectors of economy like Telecom, Banking & Finance, Pharmaceutical, Steel, Retail and IT etc It includes 7 Unilateral APAs, 2 Bilateral APAs with the United Kingdom and Japan. Seven of these Agreements have Rollback provisions in them.