TMI BlogInsertion of new section 92CAX X X X Extracts X X X X X X X X Extracts X X X X ..... into an international transaction in any previous year, and the Assessing Officer considers it necessary or expedient so to do, he may, with the previous approval of the Commissioner, refer the computation of the arm's length price in relation to the said international transaction under section 92C to the Transfer Pricing Officer. (2) Where a reference is made under sub-section (1), the Transfer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... determine the arm's length price in relation to the international transaction in accordance with sub-section (3) of section 92C and send a copy of his order to the Assessing Officer and to the assessee. (4) ON receipt of the order under sub-section (3), the Assessing Officer shall proceed to compute the total income of the assessee under sub-section (4) of section 92C having regard to the arm's ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-section (6) of section 133. Explanation- For the purposes of this section, "Transfer Pricing Officer" means a Joint Commissioner or Deputy Commissioner or Assistant Commissioner authorised by the Board to perform all or any of the functions of an Assessing Officer specified in sections 92C and 92D in respect of any persons or class of persons.". - - statute, statutory provisions legisla ..... X X X X Extracts X X X X X X X X Extracts X X X X
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