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            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.

            <h1>Arm's length price determination: Transfer Pricing Officer empowered to assess and bind assessing officer's income computation.</h1> Where the Assessing Officer refers computation of the arm's length price to the Transfer Pricing Officer, the TPO serves notice, hears the assessee, considers relevant materials and information, and issues a written order determining the arm's length price; the Assessing Officer must then compute the assessee's total income in conformity with that determination. The TPO may also take cognisance of other transactions or missing reports during proceedings, rectify apparent errors, and exercise specified statutory powers for enquiry and verification.

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            ActsIncome Tax
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