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[Cites 0, Cited by 0] [Section 140] [Entire Act]

Union of India - Subsection

Section 140(11) in The Income Tax Act, 2025

(11)For the purposes of sub-section (9), "market value", in relation to any goods or services, means—
(i)the price that such goods or services would ordinarily fetch in the open market; or
(ii)the arm's length price as defined in section 173(a), where the transfer of such goods or services is a specified domestic transaction referred to in section 164.