Transfer pricing (TP) has become a critical area of focus for companies and regulators, evolving significantly since its formal introduction in 2001. At a recent India CFO Forum session in Pune, Vijay Iyer, Transfer Pricing Leader at Ernst & Young India, covered recent trends in India’s transfer pricing audit environment, current and expected issues in litigation and some recommended best practices for dispute mitigation and resolution, including the use of MAP and APAs. This podcast summarises these discussions.