https://www.taxtmi.com/notifications?id=119454 The Central Government notifies that for Assessment Year 2016 2017, where the variation between the arm's length price determined under section 92C and the actual transaction price does not exceed the notified thresholds, the actual transaction price shall be deemed to be the arm's length price; a stricter threshold applies to transactions meeting the wholesale trading definition, which requires purchase cost of finished goods to be eighty percent or more of total cost and average monthly closing inventory to be ten percent or less of sales. en-us Thu, 14 Jul 2016 00:00:00 +0530 Tue, 28 May 2019 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119454 The Central Government notifies that for Assessment Year 2016 2017, where the variation between the arm's length price determined under section 92C and the actual transaction price does not exceed the notified thresholds, the actual transaction price shall be deemed to be the arm's length price; a stricter threshold applies to transactions meeting the wholesale trading definition, which requires purchase cost of finished goods to be eighty percent or more of total cost and average monthly closing inventory to be ten percent or less of sales. Notifications Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119454