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of <h1>Determining arm's length price under Section 92C: choose best method, tolerances up to 3%, Assessing Officer can reassess</h1> Arm's length price for international or specified domestic transactions must be determined by the most appropriate method (comparable uncontrolled price, resale price, cost plus, profit split, transactional net margin, or other prescribed methods) chosen based on transaction nature, functions or prescribed factors and applied as prescribed. If a single price emerges it is used, or the actual transaction price may be accepted if within a prescribed tolerance (up to 3%); multiple prices follow prescribed rules. The Assessing Officer may redetermine arm's length price on specified grounds after issuing a show-cause notice, compute total income accordingly, disallow certain deductions for the increased income, and not recompute the counterparty's income when tax was deducted under Chapter XIX-B.
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