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TypeBare Act JurisdictionCentral Government

Finance (No.2) Act, 2009 Section 92C

In section 92C of the Income-tax Act, in sub-section

~1 min read
https://sooperkanoon.com/act/454639

Bare act section · Research

About this section

Finance (No.2) Act, 2009 Section 92C is part of Finance (No.2) Act, 2009 - In section 92C of the Income-tax Act, in sub-section. Read the section text below and explore Indian court judgments that cite it.

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Section Text

SECTION 40: Amendment of 2), for the proviso, the following provisos shall be substituted with effect from the 1st day of October, 2009, 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: Provided further that if the variation between the arm's length price so determined and price at which the international transaction has actually been undertaken does not exceed five per cent of the latter, the price at which the international transaction has actually been undertaken shall be deemed to be the arm's length price.".

Frequently asked questions

What does Finance (No.2) Act, 2009 Section 92C provide?

Section Section 92C of the Finance (No.2) Act, 2009 (In section 92C of the Income-tax Act, in sub-section) is reproduced on this page as part of the Finance (No.2) Act, 2009. 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 (No.2) Act, 2009 Section 92C?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No.2) Act, 2009 Section 92C. 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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