India's Central Board of Direct Taxes has published Notification No. 64/2019 on the accepted tolerance range for transactions to be considered as at arm's length for the 2019-20 assessment year.
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S.O. 3272(E).- In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961)(hereinafter referred to as the 'said Act'), read with proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962, the Central Government he…