Amendment of section 92C
Section 41 of the Finance Act, 2002 deals with amendment of section 92C. Amendment of section 92C. 41. In section 92C of the Income-tax Act,— (a ) in sub-section (2), for the proviso, the following proviso shall be substituted, namely:— " Provided that where more than one price is determined by the most appropriate method, the arm’s length price shall be taken to be the
Amendment of section 92C.
41. In section 92C of the Income-tax Act,—
(a ) in sub-section (2), for the proviso, the following proviso shall be substituted, namely:—
" Provided that where more than one price is determined by the most appropriate method, the arm’s length price shall be taken to be the arithmetical mean of such prices, or, at the option of the assessee, a price which may vary from the arithmetical mean by an amount not exceeding five per cent of such arithmetical mean.";
(b ) in sub-section (4), in the second proviso, after the words "from which tax has been deducted", the words "or was deductible" shall be inserted.
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Section 41, The Finance Act, 2002.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 41
What does Section 41 of the Finance Act deal with?
Section 41 of the Finance Act is headed "Amendment of section 92C". Amendment of section 92C. 41. In section 92C of the Income-tax Act,— (a ) in sub-section (2), for the proviso, the following proviso shall be substituted, namely:— " Provided that where more than one price is determined by the most appropriate method, the arm’s length price shall be taken to be the
How do I find court cases under Section 41 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2002 41, section 41 Finance Act 2002, section 41 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 41 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 92C (Computation of arm's length price), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2002. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5753 words
- 4. Amendment of section 102120 words
- 2. Income-tax1821 words
- 60. Amendment of section 143781 words
- 21. Substitution of new section for section 43A780 words
- 57. Substitution of new section for section 132B724 words
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