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

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..... 61 (43 of 1961) (hereafter referred to as the said Act) read with the 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 actually been undertaken does .....

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..... 014-APA-II] KARTHIK CHEBOLI, Dy. Commissioner of Income Tax (OSD)(APA-I) FT TR -I, CBDT Explanatory Memorandum The notification provides for tolerance range of one per cent. for wholesale trading and three per cent. in all other cases for the assessment year 2024-2025. It is certified that none will be adversely affected by the retrospective effect being given to the notification. - Notification .....

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