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[Cites 0, Cited by 348] [Section 92] [Entire Act]

Union of India - Subsection

Section 92(1) in The Income Tax Act, 1961

(1)Any income 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.