Income-tax Act, 1961
Section - 92F - Definitions of certain terms relevant to computation of arm’s length price, etc
Definitions of certain terms relevant to computation of arm's length price, etc.92F. In sections 92, 92A, 92B, 92C, 92D and 92E, unless the context otherwise requires,-
| (i) | - | "accountant" shall have the same meaning as in the Explanation below sub-section (2) of section 288; |
| (ii) | - | "arm's length price" means a price which is applied or proposed to be applied in a transaction between persons other than associated enterprises, in uncontrolled conditions; |
| (iii) | - | "enterprise" means a person (including a permanent establishment of such person) who is, or has been, or is proposed to be, engaged in any activity, relating to the production, storage, supply, distribution, acquisition or control of articles or goods, or know-how, patents, copyrights, trade-marks, licences, franchises or any other business or commercial rights of similar nature, or any data, documentation, drawing or specification relating to any patent, invention, model, design, secret formula or process, of which the other enterprise is the owner or in respect of which the other enterprise h .... To read the full section download the app from Google Play store
22 September 2026
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