Specified domestic transaction extension adds domestic dealings to transfer pricing documentation and reporting requirements under Chapter X. The amendment substitutes the words 'international transaction' with 'international transaction or specified domestic transaction' in sections 92C, 92D and 92E of Chapter X, thereby extending the definition, documentation and record keeping obligations and the accountant's reporting requirement to specified domestic transactions; the change takes effect from 1st April, 2013 and applies to the relevant assessment year and subsequent assessment 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.
Specified domestic transaction extension adds domestic dealings to transfer pricing documentation and reporting requirements under Chapter X.
The amendment substitutes the words "international transaction" with "international transaction or specified domestic transaction" in sections 92C, 92D and 92E of Chapter X, thereby extending the definition, documentation and record keeping obligations and the accountant's reporting requirement to specified domestic transactions; the change takes effect from 1st April, 2013 and applies to the relevant assessment year and subsequent assessment years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.