https://www.taxtmi.com/notifications?id=134402 Notification under the third proviso to section 92C(2), read with rule 10CA proviso, deems the actual transaction price to be the arm's length price for the specified assessment year where the variation between the statutory arm's length price and the transactional price falls within prescribed minimal thresholds for wholesale trading and other cases. "Wholesale trading" is defined by two objective criteria: purchase cost of finished goods being at least eighty per cent of total trading cost, and average monthly closing inventory being ten per cent or less of sales for the trading activity. en-us Mon, 19 Oct 2020 00:00:00 +0530 Mon, 19 Oct 2020 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=134402 Notification under the third proviso to section 92C(2), read with rule 10CA proviso, deems the actual transaction price to be the arm's length price for the specified assessment year where the variation between the statutory arm's length price and the transactional price falls within prescribed minimal thresholds for wholesale trading and other cases. "Wholesale trading" is defined by two objective criteria: purchase cost of finished goods being at least eighty per cent of total trading cost, and average monthly closing inventory being ten per cent or less of sales for the trading activity. Notifications Income Tax Mon, 19 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=134402