Secondary Adjustment - Definition / Legal Terminology - Income Tax

For the purposes of section 92CE(3)(v) of the Income tax Act 1961,- Secondary Adjustment means- an adjustment in the books of account of the assessee and its associated enterprise to reflect that the actual allocation of profits between the assessee and its associated enterprise are consistent with the transfer price determined as a result of primary adjustment, thereby removing the imbalance between cash account and actual profit of the assessee.