India's Income Tax Department recently released the Advance Pricing Agreement (APA) Programme Annual APA Report FY 2025-26, dated July 2026. The report provides a comprehensive overview of the performance, statistical analyses, and operational outcomes of India's APA and Mutual Agreement Procedure (MAP) programs for the financial year. The report also covers APA reforms under the Income Tax Act 2025 (Section 168) and the Income Tax Rules 2026 (Rules 103 to 120), which took effect on 1 Apri…