Specified domestic transaction: large domestic dealings in prescribed categories brought under transfer pricing provisions. Section 92BA defines specified domestic transaction to include six categories of non international transactions (payments covered by section 40A(2)(b), transactions under section 80A, transfers and business dealings under section 80 IA subsections (8) and (10), Chapter VI A or section 10AA transactions where those 80 IA provisions apply, and other prescribed transactions) and subjects such transactions to sections 92, 92C, 92D and 92E when their aggregate in a previous year exceeds the monetary threshold.
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Provisions expressly mentioned in the judgment/order text.
Specified domestic transaction: large domestic dealings in prescribed categories brought under transfer pricing provisions.
Section 92BA defines specified domestic transaction to include six categories of non international transactions (payments covered by section 40A(2)(b), transactions under section 80A, transfers and business dealings under section 80 IA subsections (8) and (10), Chapter VI A or section 10AA transactions where those 80 IA provisions apply, and other prescribed transactions) and subjects such transactions to sections 92, 92C, 92D and 92E when their aggregate in a previous year exceeds the monetary threshold.
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