Arm's length price deemed where minor variation exists; actual transaction price accepted for assessment purposes. Notification applies the second proviso to section 92C(2) so that where the variation between the arm's length price determined under section 92C and the actual international transaction price falls within a specified tolerance, the actual transaction price shall be deemed to be the arm's length price for assessment year 2012-13, preventing recharacterisation for minor variances.
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Arm's length price deemed where minor variation exists; actual transaction price accepted for assessment purposes.
Notification applies the second proviso to section 92C(2) so that where the variation between the arm's length price determined under section 92C and the actual international transaction price falls within a specified tolerance, the actual transaction price shall be deemed to be the arm's length price for assessment year 2012-13, preventing recharacterisation for minor variances.
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