Comprehensive Transfer Pricing Rules Empower Tax Officials to Scrutinize International and Domestic Transaction Pricing Under Section 92CA

The text details Section 92CA of the Income Tax Act regarding Transfer Pricing Officer (TPO) procedures for international and specified domestic transactions. It outlines the TPO's powers to reference, examine, and determine arm's length pricing for transactions, including serving notices, gathering evidence, passing written orders, and empowering the Assessing Officer to compute total income based on TPO's determination. The section provides comprehensive guidelines for transfer pricing assessments, including provisions for rectification, amendment, and examination of similar transactions across consecutive years.

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