Computation of income from international transaction having regard to Arm's Length Price-Section 92 of the Income-tax Act - Reference to Transfer Pricing Officer and his role - regarding.
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Arm's Length Price compliance: extended deadline for selection and mandatory reference to Transfer Pricing Officers with confirmation requirement. Directive requires completion of selection of cases involving international transactions and reference to Transfer Pricing Officers with regard to Arm's Length Price, authorises an extension of the selection timetable, and imposes a mandatory reporting obligation on Chief Commissioners/Directors General to confirm to the Board that selection and references to TPOs have been completed.
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 compliance: extended deadline for selection and mandatory reference to Transfer Pricing Officers with confirmation requirement.
Directive requires completion of selection of cases involving international transactions and reference to Transfer Pricing Officers with regard to Arm's Length Price, authorises an extension of the selection timetable, and imposes a mandatory reporting obligation on Chief Commissioners/Directors General to confirm to the Board that selection and references to TPOs have been completed.
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