Advanced Pricing Agreement

Grant Thornton India assists one of its clients in inking their first unilateral Advance.....

“During the entire APA process, the approach of the APA team was cooperative, responsive and more importantly negotiation oriented. All the discussions and meetings (including site visits) with the Applicant were performed with an open mind.  I believe that such a pragmatic approach of the APA team, coupled with effective representation by clients & their consultants, will go a long way in expeditiously concluding APAs. This would in turn lead to APAs being preferred increasingly over the litigation route letting our clients focus the limited time of their key executives on running their businesses than in fruitless litigation.”

Fatema Hunaid
Partner, Grant Thornton India LLP

This article apeared in Tax Guru on 29th July, 2016.