A broad agreement on a framework for resolving disputes pending in mutual agreement procedure (MAP) cases—concerning the information technology / information technology-enabled services sector—was reached following a two-day discussion between India’s Competent Authority and the U.S. Competent Authority. The announcement from India’s Competent Authority signals that, going forward, the United States could possibly recognize India’s advance pricing agreement (APA) program and begin accepting bilateral APA applications.
Reports indicate that between 80 to 100 pending MAP cases for multiple years in the IT sector could now be resolved within a few weeks.
Read a January 2015 report [PDF 376 KB] prepared by the KPMG member firm in India: Pending Mutual Agreement Procedure cases for IT-ITES sector to be resolved