Market value requires open-market pricing for goods and services, with arm's length pricing governing specified domestic transactions. Market value is based on open-market pricing for goods or services. For goods or services sold or supplied, it is the price they would fetch in the open ... Summary
Market value requires open-market pricing for goods and services, with arm's length pricing governing specified domestic transactions.
Market value is based on open-market pricing for goods or services. For goods or services sold or supplied, it is the price they would fetch in the open market, subject to statutory or regulatory restrictions. For acquired goods or services, it is the price they would cost in the open market, subject to such restrictions. In a specified domestic transaction, market value is the arm's length price of the relevant goods or services.
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