March 23, 2026
Submitted By: Shweta Verma
Form of application under section 170 of the Income-tax Act, 2025
Taxpayers impacted due to secondary adjustments/APA related adjustments for past year(s), can make an application under Form 53 to recompute the book profits and, consequently, MAT liability. Form 53 is filed under Rule 118 of the Income-tax Rules, 2026, and is verified by the person authorised to verify the taxpayer’s return of income.
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