Section 92CC of ITA, 1961 : Section 92Cc: Advance Pricing Agreement

Explanation using Example

Imagine a hypothetical scenario where ABC Corp, a multinational company based in India, regularly imports raw materials from its associated enterprise XYZ Ltd, located in Germany. The transactions between ABC Corp and XYZ Ltd are subject to transfer pricing regulations to ensure they are conducted at arm's length prices, meaning the prices that would have been charged between independent enterprises.

To achieve certainty in their taxation matters and avoid future transfer pricing disputes, ABC Corp decides to pro...

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