Section 32 - Amendment of section 92C - Finance (No. 2) Act, 2014

Amendment of section 92C 32. In section 92C of the Income-tax Act, in sub-section (2), after the second proviso, but before the Explanation, the following proviso shall be inserted with effect from the 1st day of April, 2015, namely: Provided also that where more than one price is determined by the most appropirate method, the arm's length price in relation to an international transaction or specified domestic transaction undertaken on or after the 1st day of April, 2014, shall be computed in such manner as may be prescribed and accordingly the first and second proviso shall not apply. .