https://www.taxtmi.com/manuals?id=1310 Income and allowance for expenditure or interest in international and specified domestic transactions must be computed by the Arm's Length Price; allocations of cost or expense under agreements between associated enterprises must likewise be based on ALP. The ALP rules are inapplicable where their application would reduce income chargeable to tax or increase loss as shown in the books of account. en-us Fri, 04 Dec 2015 15:25:00 +0530 Tue, 22 Oct 2024 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1310 Income and allowance for expenditure or interest in international and specified domestic transactions must be computed by the Arm's Length Price; allocations of cost or expense under agreements between associated enterprises must likewise be based on ALP. The ALP rules are inapplicable where their application would reduce income chargeable to tax or increase loss as shown in the books of account. Manuals Income Tax Fri, 04 Dec 2015 15:25:00 +0530 https://www.taxtmi.com/manuals?id=1310