India's Central Board of Direct Taxes has published Notification No. 83/2020 on the accepted tolerance range for transactions to be considered as at arm's length for the 2020-21 assessment year. This includes a variation of up to 1% in respect of wholesale trading and 3% in all other cases.
---
S.O. 3660 (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…