Section 167: Power of Board to make safe harbour rules
The Income-tax Act, 2025Central Act · Act 30 of 2025
Power of Board to make safe harbour rules.
(1) The determination of—
(a) income referred to in section 9(2); or
(b) arm's length price under section 165 or 166,
shall be subject to safe harbour rules.
(2) For the purposes of sub-section (1), the Board may make rules for safe harbour.
(3) For the purposes of this section, "safe harbour" means circumstances in which the income-tax authorities shall accept,—
(a) the transfer price; or
(b) the income, deemed to accrue or arise under section 9(2),
declared by the assessee.
Where this provision sits
| Act | The Income-tax Act, 2025 |
|---|
| Section | 167 |
|---|
| Marginal note | Power of Board to make safe harbour rules |
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| Jurisdiction | Central |
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| Status | In force as published by the source |
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