Tolerance range of Arm’s length price under income tax rules 1962.
CBDT has issued Notification No. 70/2022 dated 28th June 2022 relating to the tolerance range of Arm’s length price under income tax rules 1962.
The notification provides for a tolerance range of 1% (one percent) for wholesale trading and 3% (three per cent) in all other cases for the assessment year 2022-2023.