Originally, the date for filing rollback applications was 31 March 2015—that is, for all APAs filed or agreed to before 1 January 2015 or to be filed by 31 March 2015.
The Central Board of Direct Taxes initially issued Notification No. S.O. 758 (E) of 2015 (14 March 2015) to bring the APA rollback rules into effect, and concerning applicability of and the requirements for the APA rollback measures.
In response to comments that the window for accepting APA rollback applications was very short, the tax authorities today announced that the deadline for filing APA rollback applications has been extended to 30 June 2015.
Accordingly, taxpayers that have filed for an APA before 31 March 2015 now have additional time to evaluate their options for rollbacks.
Read a March 2015 report [PDF 401 KB] prepared by the KPMG member firm in India: Deadline for filing APA rollback applications extended