(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.
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1. Ins. by Act 33 of 2009, s. 41 (w.e.f. 1-4-2009).
Section 92A Meaning of associated enterprise
Section 92B Meaning of international transaction
Section 92BA Meaning of specified domestic transaction
Section 92C Computation of arms length price
Section 92CA Reference to Transfer Pricing Officer
Section 92CB Power of Board to make safe harbour rules
Section 92CC Advance pricing agreement
Section 92CD Effect to advance pricing agreement
Section 92CE Secondary adjustment in certain cases
Section 92F Definitions of certain terms relevant to computation of arm's length price, etc