Determination of arm’s length price.

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.... (a) comparable uncontrolled price method; (b) resale price method; (c) cost plus method; (d) profit split method; (e) transactional net margin method; (f) such other method as may be prescribed by the Board. (2) The most appropriate method referred to in sub-section (1) shall be,-- (a) selected having regard to the nature of transac....

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....tter, notified by the Central Government in this behalf; or (b) in case, more than one price is determined by the most appropriate method, the price determined in such manner as may be prescribed. (4) The Assessing Officer, during the course of any proceeding for the assessment of income, may proceed to determine the arm's length price in relation to an international transaction or spe....

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.... a notice issued under section 171(2) and (3). (5) The Assessing Officer, before determining the arm's length price under sub-section (4), shall issue a notice calling upon the assessee to show cause, on the date and time to be specified in the notice, why the arm's length price should not be determined on the basis of material or information or document in the possession of the Assessing Offic....