Rule 10A - Meaning of expressions used in computation of arms length price - Income-tax Rules, 1962

Meaning of expressions used in computation of arms length price. 10A. For the purposes of this rule and rules 1 [10AB] to 10E,- 3 [(a) associated enterprise shall,- (i) have the same meaning as assigned to it in section 92A ; and (ii) in relation to a specified domestic transaction entered into by an assessee, include --- (A) the persons referred to in clause (b) of sub-section (2) of section 40A in respect of a transaction referred to in clause (a) of sub-section (2) of the said section; (B) other units or undertakings or businesses of such assessee in respect of a transaction referred to in section 80A or, as the case may be, subsection (8) of section 80-IA ; (C) any other person referred to in sub-section (10) of section 80-IA in respect of a transaction referred to therein; (D) other units, undertakings, enterprises or business of such assessee, or other person referred to in sub-section (10) of section 80-IA , as the case may be, in respect of a transaction referred to in section 10AA or the transactions referred to in Chapter VI-A to which the provisions of sub-section (8) or, as the case may be, the provisions of sub-section (10) of section 80-IA are applicable; (aa) enterprise shall have the same meaning as assigned to it in clause (iii) of section 92F and shall, for the purposes of a specified domestic transaction, include a unit, or an enterprise, or an undertaking or a business of a person who undertakes such transaction; ] 2 [( ab )] uncontrolled transaction means a transaction between enterprises other than associated enterprises, whether resident or non-resident; ( b ) property includes goods, articles or things, and intangible property; ( c ) services include financial services; ( d ) transaction includes a number of closely linked transactions. *********** Notes:- 1. Substituted vide Notification No. 41/2013 dated 10-06-2013, before it was read as, 10B 2. Renumbered as clause (ab), before it was the clause (a), vide Notification No. 41/2013 dated 10-06-2013, 3. Inserted Notification No. 41/2013 dated 10-06-2013,