R sold a machine to H (Associated Enterprise) and in turn H sold the same machinery to N (an independent party) at sale margin of 40% for ₹6,00,000 but H has incurred ₹8,000 in sending the machine to N. The "Arm Length P
CS Executive · Tax Laws and Practice · PYQS · December 2018
R sold a machine to H (Associated Enterprise) and in turn H sold the same machinery to N (an independent party) at sale margin of 40% for ₹6,00,000 but H has incurred ₹8,000 in sending the machine to N. The "Arm Length Price" (ALP) in respect of the machine sold on the basis of Retail Price Method as per provisions of the Income Tax Act, 1961 shall be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax Act, 1961
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