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of <h1>Clause 173 Defines Key Terms for Determining Arm's Length Price in Income Tax Matters, Including 'Enterprise' and 'Transaction'</h1> Clause 173 of the Income Tax Bill, 2025, outlines definitions crucial for determining the arm's length price in tax-related matters. 'Arm's length price' refers to prices in transactions between non-associated enterprises under uncontrolled conditions. An 'enterprise' includes any entity engaged in activities like production, distribution, or provision of services, among others, whether directly or through subsidiaries. A 'permanent establishment' is a business's fixed location for operations. The 'specified date' is one month prior to the income return filing deadline. A 'transaction' encompasses any arrangement, formal or informal, regardless of enforceability.
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