Transfer pricing issue on specified domestic transactions

if your specified domestic transaction is at arms length price, no issue arises.
arms length price = price at which one party sold goods to an unrelated party.
limit of transactions = 20 crore

REFER SECTION 92BA.

no no sir I just wanted to know whether TP will apply on a sale transaction if it crosses the eligibility limited of 20 crore and not at arm length price?

Because specified domestic transactions (Section 92BA) cover only  5 types of transactions out of which one is transaction under 40A(2) which does not cover a sale transaction at all.

 

 

Omitted item (i) of 92BA w.e.f 1.4.2017, hence Any expenditure in respect of which payment has been made or is to be made to a person referred to in clause (b) of sub-section (2) of section 40A are removed from the ambit of Specified Domestic Transaction.

the persons referred to in 40A (2) (b) are the following, namely :—
(i) Where the assessee is an individual
any relative of the assessee;

Hence your transaction is out of the scope of specified domestic transaction u/s 92BA.