Arm's length price variation: Government may notify permissible deviation, changing deemed transaction price tolerance under transfer pricing rules. Amendment replaces the fixed percentage tolerance in section 92C(2)'s second proviso with a provision empowering the Central Government to notify in the Official Gazette the percentage of variation that will permit the actual transaction price to be deemed the arm's length price, and applies prospectively to the specified assessment year and subsequent years.
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.
Arm's length price variation: Government may notify permissible deviation, changing deemed transaction price tolerance under transfer pricing rules.
Amendment replaces the fixed percentage tolerance in section 92C(2)'s second proviso with a provision empowering the Central Government to notify in the Official Gazette the percentage of variation that will permit the actual transaction price to be deemed the arm's length price, and applies prospectively to the specified assessment year and subsequent years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
