Arm's length price used in specified domestic transactions to determine profits and define market value for deductions. Time limits for eligibility under clause (iv) of sub-section (4) are extended to 31 March 2013. The Explanation to sub-section (8) is redefined so that market value includes the arm's length price where the transfer is a specified domestic transaction under transfer pricing rules. A proviso to sub-section (10) requires that profits from any specified domestic transaction be determined with regard to arm's length price for computing the deduction.
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 used in specified domestic transactions to determine profits and define market value for deductions.
Time limits for eligibility under clause (iv) of sub-section (4) are extended to 31 March 2013. The Explanation to sub-section (8) is redefined so that market value includes the arm's length price where the transfer is a specified domestic transaction under transfer pricing rules. A proviso to sub-section (10) requires that profits from any specified domestic transaction be determined with regard to arm's length price for computing the deduction.
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