Arm's length pricing: specified domestic transactions at arm's length are excluded from disallowance for excessive expenditure. The amendment provides that no disallowance for expenditure being excessive or unreasonable shall be made in respect of a specified domestic transaction ... Summary
Arm's length pricing: specified domestic transactions at arm's length are excluded from disallowance for excessive expenditure.
The amendment provides that no disallowance for expenditure being excessive or unreasonable shall be made in respect of a specified domestic transaction if that transaction is at arm's length price, while also expanding related party coverage to include any other company carrying on business in which the first company has substantial interest.
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