On 19 October 2015, India's Central Board of Direct Taxes issued Notification 83/2015, which makes a number of changes concerning the transfer pricing rules under section 92C of the Income Tax Act, 1961. The new rules follow a public consultation launched in May 2015 ({News-2015-05-22/P/3- previous coverage}) on the adoption of the range concept instead of the arithmetic mean concept for determ…