Computation of arm's length price - tolerance limit of 1% in case of wholesale trading and 3% in all other cases notified - U/s 92C(2) of IT Act 1961.

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....d by the third proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961)(hereafter referred to as the said Act) read with the proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962, the Central Government hereby notifies that where the variation between the arm's length price determined under section 92C of the said Act and the price at which the international ....