Multilateral Instrument Opens Window for Alternate Dispute Resolution for Indian Companies

In this article, the author examines the implications for India as a signatory to the OECD’s multilateral instrument to implement treaty-related measures to prevent base erosion and profit shifting. In particular, the article considers the implications of the multilateral instrument’s mandatory dispute resolution mechanism and India’s adoption of the corresponding relief provision in opening up opportunities for Indian taxpayers to utilize advance pricing agreements more widely in the future.