Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Arm's length price requirement governs computation of income and cost allocations in related-party transactions. Income from an international transaction and allowances for related expenses or interest must be computed having regard to the arm's length price; ... Summary
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Arm's length price requirement governs computation of income and cost allocations in related-party transactions.
Income from an international transaction and allowances for related expenses or interest must be computed having regard to the arm's length price; allocations or contributions of costs among associated enterprises for benefits, services or facilities must likewise be determined by reference to the arm's length price, and these arm's length adjustments shall not be applied so as to reduce taxable income or increase loss compared with the books of account for the relevant previous year.
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