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'Arm's length price' under Section 92F means:

AStamp duty value
BCost plus 10% margin (per relevant Section) (per relevant Section)
CPrice in uncontrolled transactions between independents
DNotified rate
Answer & Solution
Correct answer: C. Price in uncontrolled transactions between independents
1. Section 92F(ii) defines ALP as price applied/proposed in transactions between non-AEs in uncontrolled conditions. 2. ALP is cornerstone of TP — international transactions and SDT must be at ALP. 3. Six methods prescribed under Section 92C. _Source: ICAI BoS CA Final Paper 7, Ch 24 "Transfer Pricing"_
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