Determination of arm's length price

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....ection (1) shall be made in accordance with the risk management strategy framed by the Board in this behalf. (3) The Transfer Pricing Officer shall communicate to the assessee in writing about the selection of the transaction entered into by him. (4) However, the communication, referred to in sub-section (3), shall not be served on the assessee after two months from the end of the financial ye....

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....s or documents as the Transfer Pricing Officer may require. (7) The Transfer Pricing Officer shall determine the arm's length price in relation to the international transaction in accordance with the provisions of section 106 after taking into account,- (a) such evidence as the assessee may produce; and (b) the material in his possession, in respect of which an opportunity of being heard ha....