Determination of arm's length price.

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..... controlled price method; (b) resale price method; (c) cost plus method; (d) profit split method; (e) transactional net margin method; (f) such other method as prescribed by the Board. (2) The most appropriate method referred to in sub-section (1) shall be,-- (a) selected having regard to the nature of transaction or class of transaction or class of associated enterprise or functions p .....

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..... e most appropriate method, the price determined in such manner as prescribed. (4) The Assessing Officer, during the course of any proceeding for the assessment of income, may proceed to determine the arm's length price in relation to an international transaction or specified domestic transaction as per sub-sections (1), (2) and (3) if, on the basis of material or information or document in his po .....

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..... g upon the assessee to show cause, on the date and time to be specified in the notice, why the arm's length price should not be determined on the basis of material or information or document in his possession. (6) The Assessing Officer, on determination of arm's length price under sub-section (4), may compute the total income of the assessee having regard to the arm's length price so determined. .....

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