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<h1>CBDT Extends Deadline for Arm's Length Price Case Selection u/s 92 to August 15, 2003.</h1> The circular addresses the computation of income from international transactions concerning the Arm's Length Price under Section 92 of the Income-tax Act. It references a previous instruction requiring the selection of cases for scrutiny and referral to the Transfer Pricing Officer (TPO) for transactions exceeding Rs. 5 crores for the 2002-2003 assessment year, initially set for completion by June 30, 2003. Due to requests for extension, the Central Board of Direct Taxes (CBDT) extended this deadline to August 15, 2003. Chief Commissioners and Directors General must confirm completion of case selection and TPO referral by August 31, 2003.