Computation of income from international transaction having regard to arms length price

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..... arising from an international transaction shall be computed having regard to the arm's length price. Explanation .- For the removal of doubts, it is hereby clarified that the allowance for any expense or interest arising from an international transaction shall also be determined having regard to the arm's length price. (2) Where in an 3 [ international transaction or specified .....

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..... provisions of this section shall not apply in a case where the computation of income under 5 [ sub-section (1) or sub-section (2A) ] or the determination of the allowance for any expense or interest under 6 [ sub-section (1) or sub-section (2A) ] , or the determination of any cost or expense allocated or apportioned, or, as the case may be, contributed under sub-section (2), 4 [ or sub-sec .....

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..... income from international transaction having regard to arm's length price. - (1) Any income arising from an international transaction shall be computed having regard to the arm's length price. (2) In computing income under sub-section (1), the allowance for any expense or interest shall also be determined having regard to the arm's length price. (3) Where in an international tr .....

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