Safe harbour rules require transfer pricing determinations to accept declared transfer prices when Board-prescribed conditions are met. Determination of the arm's length price is made subject to a statutory safe harbour regime under which the Board may make rules; 'safe harbour' denotes circumstances in which the income-tax authorities shall accept the transfer price declared by the assessee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Safe harbour rules require transfer pricing determinations to accept declared transfer prices when Board-prescribed conditions are met.
Determination of the arm's length price is made subject to a statutory safe harbour regime under which the Board may make rules; "safe harbour" denotes circumstances in which the income-tax authorities shall accept the transfer price declared by the assessee.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.