Amendment of section 92.

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..... tituted; (b) after sub-section (2), the following sub-section shall be inserted, namely: (2A) Any allowance for an expenditure or interest or allocation of any cost or expense or any income in relation to the specified domestic transaction shall be computed having regard to the arm s length price. ; (c) in sub-section (3), .....

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..... egard to arm s length price. The existing provisions of the aforesaid section 92 provide that income arising from an international transaction shall be computed having regard to arm s length price. It is proposed to amend the aforesaid section to insert a new sub-section (2A) so as to provide that any allowance for an expenditure or interest or allocation of any cost or expense or any income .....

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