Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Safe harbour for specified domestic transactions accepts declared transfer prices and bars comparability adjustment under transfer pricing rules. Safe harbour applies to eligible specified domestic transactions where the assessee's option is validly exercised and the declared transfer price fits the prescribed circumstances. Covered transactions include electricity supply, transmission or wheeling with tariff determination or approved methodology by the Appropriate Commission, and milk or milk products priced on fat content and Solid Not Fat content with transparent public disclosure. No comparability adjustment under section 92C(2) applies to an accepted price, and the documentation and reporting provisions in sections 92D and 92E continue to apply.
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 for specified domestic transactions accepts declared transfer prices and bars comparability adjustment under transfer pricing rules.
Safe harbour applies to eligible specified domestic transactions where the assessee's option is validly exercised and the declared transfer price fits the prescribed circumstances. Covered transactions include electricity supply, transmission or wheeling with tariff determination or approved methodology by the Appropriate Commission, and milk or milk products priced on fat content and Solid Not Fat content with transparent public disclosure. No comparability adjustment under section 92C(2) applies to an accepted price, and the documentation and reporting provisions in sections 92D and 92E continue to apply.
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