Definitions of certain terms relevant to computation of arms length price, etc

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..... ll have the same meaning as in the Explanation below sub-section (2) of section 288; ( ii ) arm's length price means a price which is applied or proposed to be applied in a transaction between persons other than associated enterprises, in uncontrolled conditions; ( iii ) enterprise means a person (including a permanent establishment of such person) who is, or has been, or is prop .....

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..... such activity or business is carried on, directly or through one or more of its units or divisions or subsidiaries, or whether such unit or division or subsidiary is located at the same place where the enterprise is located or at a different place or places; 2 [( iiia ) permanent establishment , referred to in clause ( iii ), includes a fixed place of business through which the business of .....

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..... tion, clause (iv) read as under : '(iv) specified date means,- (a) where the assessee is a company, the 31st day of October of the relevant assessment year; (b) in any other case, the 31st day of July of the relevant assessment year;' 4. Substituted vide Finance Act, 2020 dated 27-03-2020 w.e.f. 01-04-2020 before it was read as 3 [ ( iv ) specified date shall hav .....

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