U/s 92C(2) of IT Act 1961- Computation of arm's length price

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..... to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act ), read with proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962, the Central Government hereby notifies that where the variation between the arm s length price determined under section 92C of the said Act and the price at which the international transacti .....

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..... ods is ten per cent. or less of sales pertaining to such trading activities. [F. No. 500/1/2014-APA-II] NEHA NAUTIYAL, Under Secy. Explanatory Memorandum The notification provides for tolerance range of one per cent. for wholesale trading and three per cent. in all other cases for assessment year 2019-20. It is certified that none will be adversely affecte .....

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