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Section 92CB: Power of Board to make safe harbour rules

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Power of Board to make safe harbour rules.

(1) The determination of—

(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.

(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.

Where this provision sits

ActThe Income-tax Act, 1961
Section92CB
Marginal notePower of Board to make safe harbour rules
JurisdictionCentral
StatusRepealed

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