Arm's length price rules now allow the arithmetic mean or an assessee-selected close alternative to that mean. The amendment prescribes that the arm's length price where multiple prices are determined is the arithmetic mean of such prices or, at the assessee's option, a price varying from that mean within a limited tolerance; it also clarifies withholding tax wording to cover amounts for which tax was deductible as well as those from which tax has been deducted.
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.
Arm's length price rules now allow the arithmetic mean or an assessee-selected close alternative to that mean.
The amendment prescribes that the arm's length price where multiple prices are determined is the arithmetic mean of such prices or, at the assessee's option, a price varying from that mean within a limited tolerance; it also clarifies withholding tax wording to cover amounts for which tax was deductible as well as those from which tax has been deducted.
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