Amendment of section 92C.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....with effect from the 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 arithmetic....