The implementation of Pillar One and Pillar Two will augment multilateral transfer pricing disputes in an increasingly synergized world due to divergence in interpretation and multiplicity of stakeholders. International commitment to Action 14 under BEPS plan to make dispute resolution more effective gained traction with preference of Member States for Mutual Agreement Procedure (MAP hereinafter) to help resolve issues of double taxation. However the MAP, in its present form, has inherent shortcomings due to which it will not be able to mitigate the increasing disputes. In my thesis I have analyzed the MAP, in its present form, enlisted the shortcomings and tries to find appropriate solutions for the different phases of dispute resolution under the aegis of MAP