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11.3 Now we espouse the second contention of the Id. AR that the authorities cannot go beyond the overall profit of the group of AEs in determining the ALP of the international transaction. It has been noticed supra that the object of Chapter-X of the Act is to prevent the avoidance of tax from transactions between two or more AEs. Because of such internal relation, the affairs between the AEs are capable of being arranged in such a way so as to reduce the incidence of tax in India. it is with this avowed object that the legislature has come out with the Chapter-X by declaring that an income arising from an international transaction shall be computed having regard to the arm's length price. The matter does not end here. The legislature in its wisdom has inserted section 92C which contains apparatus for the determination of the ALP in respect of international transactions. Sub-section (1) of section 92C provides that: 'The arm's length price in relation to an international transaction shall he determined by any of the following methods, being the most appropriate method, having regard to the nature of transaction or class of transaction or class of associated persons or functions performed by such persons or such other relevant factors as the Board may prescribe, namely; (a) comparable uncontrolled price method; (b) resale price method; (c) cost plus method; (d) profit split method; (e) transactional net margin method; (f) such other method as may he prescribed by the Board.' Sub-section (2) makes the same position beyond the shadow of any doubt by providing that: The most appropriate method referred to in Sub- section (1) shall be applied, for determination of arm's length price, in the manner as may be prescribed. On a careful analysis of the provisions of section 92 read with section 92C it is crystal clear that the ALP is to be determined by any one of the prescribed methods, which is most appropriate under the facts of the case. It is only the choice of one of the prescribed methods Onward Technologies Limited which has been left to the assessee or the authorities. It is neither open to the assessee nor the TP0 to discard the prescribed methods and invent a new method or apply any other yardstick for determining the ALP. Coming hack to the factual context prevailing before us, it is noticed that the Id. AR is accentuating on considering the overall profit of the group as a whole for the determination of the ALP in respect of the international transactions, which course of action has not been prescribed by the Act or rules under any of the methods governing the assessment year under consideration. As the argument advanced by the Id. AR that the profit of the group of AEs should be kept in view and in no case the TP adjustment should have the effect of breaching the overall profit earned by all the AEs taken as one unit, has no statutory mandate and is not stipulated under any of the prescribed methods. As such, the same is liable to he jettisoned as sans merit. We order accordingly."