Arm's length price definition under Income Tax law clarifies pricing for transactions between unrelated parties. The term Arm's length price in the Income Tax Act 1961 denotes the price applied or proposed between persons other than associated enterprises in uncontrolled conditions and serves as the benchmark for determining appropriate pricing in transactions between associated enterprises under the transfer pricing provisions.
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 definition under Income Tax law clarifies pricing for transactions between unrelated parties.
The term Arm's length price in the Income Tax Act 1961 denotes the price applied or proposed between persons other than associated enterprises in uncontrolled conditions and serves as the benchmark for determining appropriate pricing in transactions between associated enterprises under the transfer pricing provisions.
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