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 option procedure for specified domestic transactions requires Form 3CEFB filing, eligibility verification, and time-bound validity checks. Procedure for exercising the safe harbour option in respect of eligible specified domestic transactions requires the assessee to furnish Form 3CEFB within the prescribed due date, subject to filing of the return of income on or before that date. The Assessing Officer must verify eligibility of the assessee and the transaction, may call for further information, and may declare the option invalid after hearing the assessee if the requirements are not met. Objections may be filed before the specified superior authority within fifteen days, and prescribed time limits apply to both stages; failure to pass an order within time treats the option as valid.
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 option procedure for specified domestic transactions requires Form 3CEFB filing, eligibility verification, and time-bound validity checks.
Procedure for exercising the safe harbour option in respect of eligible specified domestic transactions requires the assessee to furnish Form 3CEFB within the prescribed due date, subject to filing of the return of income on or before that date. The Assessing Officer must verify eligibility of the assessee and the transaction, may call for further information, and may declare the option invalid after hearing the assessee if the requirements are not met. Objections may be filed before the specified superior authority within fifteen days, and prescribed time limits apply to both stages; failure to pass an order within time treats the option as valid.
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