Compliance Audit of The Agreement [ Rule 10P ]

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..... ical assumptions and consistency of the application of the TPM. * The TPO having the jurisdiction over the assessee shall carry out the compliance audit of the agreement for each of the year covered in the agreement. [ Rule 10P(1) ] * The Transfer Pricing Officer may require - * (i) the assessee to substantiate compliance with the terms of the agreement, including satisfaction of the critica .....

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..... terms of agreement and cancellation of the agreement is required. [ Rule 10P(4) ] * The compliance audit report shall be furnished by the TPO within six months from the end of the month in which the Annual Compliance Report referred to in rule 10-O is received by the TPO. [ Rule 10P(5) ] * The regular audit of the covered transactions shall not be undertaken by the TPO if an agreement has bee .....

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