https://www.taxtmi.com/notifications?id=142636 Notification under the third proviso to section 92C(2) read with rule 10CA(7) proviso prescribes tolerance limits such that where the variation between the arm's length price and the actual price of an international or specified domestic transaction does not exceed the notified tolerance, the actual transaction price shall be deemed the arm's length price for the assessment year 2024-2025; a distinct definition of "wholesale trading" based on purchase cost and inventory-to-sales thresholds determines eligibility for the narrower tolerance. en-us Fri, 18 Oct 2024 00:00:00 +0530 Mon, 21 Oct 2024 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142636 Notification under the third proviso to section 92C(2) read with rule 10CA(7) proviso prescribes tolerance limits such that where the variation between the arm's length price and the actual price of an international or specified domestic transaction does not exceed the notified tolerance, the actual transaction price shall be deemed the arm's length price for the assessment year 2024-2025; a distinct definition of "wholesale trading" based on purchase cost and inventory-to-sales thresholds determines eligibility for the narrower tolerance. Notifications Income Tax Fri, 18 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142636