U/s 92C(2) of IT Act 1961- Computation of arm's length price

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..... f the Income-tax Act, 1961 (43 of 1961 )(hereafter referred to as the said Act ), read with proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962 , the Central Government hereby notifies that where the variation between the arm s length price determined under section 92C of the said Act and the price at which the international transaction or specified domestic transaction has a .....

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..... ading activities. [F. No. 500/1/2014-APA-II] RUCHIKA SHARMA, Under Secy. Explanatory Memorandum The notification provides for tolerance range of one per cent. for wholesale trading and three per cent. in all other cases for assessment year 2022-2023. It is certified that none will be adversely affected by the retrospective effect being given to the notification. - Notificatio .....

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