March 23, 2026

Submitted By: Shweta Verma

Exercise of option for determination of arm’s length price (ALP) under section 166(9) of the Income-tax Act, 2025

It is a form furnished by an assessee for exercising an option or options for determination of Arm’s length price in respect of international transactions or specified domestic transactions for multiple year in a single proceeding for two consecutive tax years (the second tax year and the third tax year respectively) immediately following the tax year (the first tax year) in respect of which reference has been made in its case under section 166.