Income-tax Act, 1961
Section - 92CB - Power of Board to make safe harbour rules
Power of Board to make safe harbour rules.92CB. (1) The determination of-
(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 or income, deemed to accrue or arise under clause (i) of sub-section (1) of section 9, as the case may be, declared by the assessee.
| (a) | - | income referred to in clause (i) of sub-section (1) of section 9; or |
| (b) | - | arm's length price under section 92C or section 92CA, |
| - | shall be subject to safe harbour rules. |
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