Amendment of section 92C.

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Full Text of the Document

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....e 1st day of April, 2012. - Clause 12 seeks to amend section 92C of the Income-tax Act, relating to computation of arm's length price. Under the existing provisions contained in sub-section (2) of the aforesaid section, where more than one price is determined by the most appropriate method, then the arm's length price shall be taken to be arithmetical mean of such price. Further, the second pro....