Tax Query in transfer pricing

Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)

11 December 2021  
Sale purchase transaction between the a partnership firm and a company, in which partner/ director are common and transaction value is more than 20 crore in a year, whether provision of domestic Transfer pricing is applicable under income tax act? None of them is cliaming any deduction under chapter VI-A and nor situated in exempted Zone.