https://www.taxtmi.com/acts?id=11771 Income and expenses from international transactions must be determined with regard to the arm's length price, and cost allocations among associated enterprises for benefits, services or facilities are to follow arm's length valuation where a mutual sharing arrangement exists and the provision involves an international transaction. An exception prevents applying these rules if such determination would reduce taxable income or increase computed losses compared with entries in the taxpayer's books for the relevant financial year. en-us Fri, 17 Sep 2010 10:26:19 +0530 Fri, 17 Sep 2010 10:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11771 Income and expenses from international transactions must be determined with regard to the arm's length price, and cost allocations among associated enterprises for benefits, services or facilities are to follow arm's length valuation where a mutual sharing arrangement exists and the provision involves an international transaction. An exception prevents applying these rules if such determination would reduce taxable income or increase computed losses compared with entries in the taxpayer's books for the relevant financial year. Act-Rules Bills Fri, 17 Sep 2010 10:26:19 +0530 https://www.taxtmi.com/acts?id=11771