Arm's length price defined as the independent-market price for transfer pricing and related transactions. Definitions govern computation of arm's length price and related transfer pricing rules: arm's length price means the price between independent parties under uncontrolled conditions; 'transaction' includes arrangements, understandings or actions in concert, formal or informal and whether enforceable or not; 'enterprise' covers persons or permanent establishments engaged in goods, intellectual property, services, contract work, investment, lending or securities dealings regardless of structure or location; 'permanent establishment' includes a fixed place of business; 'specified date' is the date one month prior to the due date for filing the income tax return.