Withdrawal of Circulars No. 2 dated 26th March, 2013

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....6th March 2013 regarding application of Profit Split Method. 2. It is noticed the Circular appeared to give the impression that there was a hierarchy among the six method listed in section 92C and that Profit Split Method (PSM) was the preferred method in the case involving unique intangible or in multiple interrelated international transactions. 3. Accordingly, the Central Board of Direct Taxes....