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TypeBare Act JurisdictionCentral Government

Finance Act, 2002 Section 41

AMENDMENT OF SECTION 92-C -In Section 92-C of the Income Tax Act-,

~1 min read
https://sooperkanoon.com/act/250239

Bare act section · Research

About this section

Finance Act, 2002 Section 41 is part of Finance Act, 2002 - AMENDMENT OF SECTION 92-C -In Section 92-C of the Income Tax Act-,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

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.

Frequently asked questions

What does Finance Act, 2002 Section 41 provide?

Section Section 41 of the Finance Act, 2002 (AMENDMENT OF SECTION 92-C -In Section 92-C of the Income Tax Act-,) is reproduced on this page as part of the Finance Act, 2002. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2002 Section 41?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2002 Section 41. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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