The Income-tax Rules, 2026
Rule 77: Meaning of expressions used in determination of arm‘s length price.
77. For the purpose of this rule and rules 78 to 84, —
(a) “associated enterprise” shall have the meaning assigned to it in section 162;
(b) “enterprise” shall have the meaning assigned to it in section 173(b) and shall, for the purposes of a specified domestic transaction, include a unit, or an enterprise, or an undertaking or a business of a person who undertakes such transaction;
(c) “property” includes goods, articles or things, and intangible property; 1588 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(d) “services” include financial services;
(e) “transaction” includes a number of closely linked transactions; and
(f) “uncontrolled transaction” means a transaction between enterprises other than associated enterprises, whether resident or non-resident.
