Amendment of section 92C.

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..... from the 1st day of April, 2012. - Clause 12 seeks to amend section 92C of the Income-tax Act, relating to computation of arm s length price. Under the existing provisions contained in sub-section (2) of the aforesaid section, where more than one price is determined by the most appropriate method, then the arm s length price shall be taken to be arithmetical mean of such price. Further, the second .....

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