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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Safe Harbour Rule 10THC: Transfer Prices Accepted if Conditions Met for Electricity & Milk Transactions; Sections 92D & 92E Apply.</h1> Under Rule 10THC of the Income-tax Rules, 1962, if an eligible assessee engages in specified domestic transactions and validly exercises the safe harbour option, the declared transfer price is accepted by tax authorities if it meets specified conditions. For electricity-related transactions, tariffs must be approved by the Appropriate Commission per the Electricity Act, 2003. For milk transactions, prices are based on quality factors and declared transparently by cooperative societies. No comparability adjustments are made to accepted transfer prices, and sections 92D and 92E apply regardless of safe harbour election.
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