U/s 92C(2) of IT Act 1961- Computation of arm's length price - 64/2019 - Income Tax Act, 1961

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Arm's length price tolerance: actual transaction price may be treated as ALP when variation falls within narrow prescribed margins. Notification deems the actual transaction price to be the arm's length price for assessment year 2019-2020 where the variation between the arm's length price under section 92C and the actual price falls within prescribed tolerance bands; wholesale trading is subject to a tighter tolerance and is defined by two cumulative conditions regarding purchase cost share and average monthly closing inventory relative to sales.

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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.

Arm's length price tolerance: actual transaction price may be treated as ALP when variation falls within narrow prescribed margins.

Notification deems the actual transaction price to be the arm's length price for assessment year 2019-2020 where the variation between the arm's length price under section 92C and the actual price falls within prescribed tolerance bands; wholesale trading is subject to a tighter tolerance and is defined by two cumulative conditions regarding purchase cost share and average monthly closing inventory relative to sales.

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U/s 92C(2) of IT Act 1961- Computation of arm's length price - 64/2019 - Income Tax Act, 1961

Arm's length price tolerance: actual transaction price may be treated as ALP when variation falls within narrow prescribed margins.

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Arm's length price tolerance: actual transaction price may be treated as ALP when variation falls within narrow prescribed margins.

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