Which provision of the Income-tax Act, 2025 requires computation having regard to arm’s-length price for a covered specified domestic transaction?

Section 161 of the Income-tax Act, 2025 requires income from an international transaction or a specified domestic transaction, and any allowance for an expense or interest arising from it, to be computed having regard to the arm's length price. It opens the transfer-pricing provisions of the Act and replaces section 92 of the Income-tax Act, 1961.