We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Arm's length principle governs transfer pricing for cross border related party dealings, with an exception protecting book based taxable results. Income and expenses from international transactions must be determined with regard to the arm's length price, and cost allocations among associated enterprises for benefits, services or facilities are to follow arm's length valuation where a mutual sharing arrangement exists and the provision involves an international transaction. An exception prevents applying these rules if such determination would reduce taxable income or increase computed losses compared with entries in the taxpayer's books for the relevant financial year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Arm's length principle governs transfer pricing for cross border related party dealings, with an exception protecting book based taxable results.</h1> Income and expenses from international transactions must be determined with regard to the arm's length price, and cost allocations among associated enterprises for benefits, services or facilities are to follow arm's length valuation where a mutual sharing arrangement exists and the provision involves an international transaction. An exception prevents applying these rules if such determination would reduce taxable income or increase computed losses compared with entries in the taxpayer's books for the relevant financial year.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
