Section 92CB
Power of Board to make safe harbour rules. Repealed
About this Act
An Act to consolidate and amend the law relating to income-tax and super-tax
(1) The determination of arm’s length price
under section 92C or section 92CA shall be subject to safe harbour rules.
(2) The Board may, for the purposes of sub-section (1), make rules for safe harbour.
Explanation.—For the purposes of this section, “safe harbour” means circumstances in which the income-tax authorities shall accept the transfer price declared by the assessee.
(2) The Board may, for the purposes of sub-section (1), make rules for safe harbour.
Explanation.—For the purposes of this section, “safe harbour” means circumstances in which the income-tax authorities shall accept the transfer price declared by the assessee.
Notes
1. Ins. by Act 33 of 2009, s. 41 (w.e.f. 1-4-2009).