https://www.taxtmi.com/news?id=11321 Transfer pricing for development centres is clarified: arm's length price must be determined by the most appropriate method under section 92C and Rule 10C, weighing factors such as transaction nature, functions, assets, risks, data reliability, comparability and necessary adjustments. CBDT rescinded the prior profit split circular and will amend and reissue guidance on contract R&D centres to refine criteria and terminology, and indicates safe harbour rules under section 92CB will be issued to further bring certainty to assessments. en-us Mon, 01 Jul 2013 10:04:25 +0530 Mon, 01 Jul 2013 10:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11321 Transfer pricing for development centres is clarified: arm's length price must be determined by the most appropriate method under section 92C and Rule 10C, weighing factors such as transaction nature, functions, assets, risks, data reliability, comparability and necessary adjustments. CBDT rescinded the prior profit split circular and will amend and reissue guidance on contract R&D centres to refine criteria and terminology, and indicates safe harbour rules under section 92CB will be issued to further bring certainty to assessments. News - Mon, 01 Jul 2013 10:04:25 +0530 https://www.taxtmi.com/news?id=11321