Related-party transaction scope expanded to include business between persons linked under section 115BAB, affecting transfer pricing coverage. The amendment inserts clause (va) into section 92BA to treat business transacted between persons referred to in section 115BAB(4) as covered by the specified domestic transaction provisions, bringing such inter-person business within the transfer pricing and reporting framework under section 92BA with effect from the commencement of the financial year beginning on 1 April 2020.
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.
Related-party transaction scope expanded to include business between persons linked under section 115BAB, affecting transfer pricing coverage.
The amendment inserts clause (va) into section 92BA to treat business transacted between persons referred to in section 115BAB(4) as covered by the specified domestic transaction provisions, bringing such inter-person business within the transfer pricing and reporting framework under section 92BA with effect from the commencement of the financial year beginning on 1 April 2020.
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