Safe harbour eligibility under domestic transaction rules is limited to specified electricity companies and dairy co-operatives. Eligibility for safe harbour rules in specified domestic transactions is limited to an assessee who has exercised a valid option under the prescribed procedure and who is either a Government company engaged in electricity generation, supply, transmission or distribution, or a co-operative society engaged in procuring and marketing milk and milk products. The rule identifies a restricted class of persons entitled to seek application of the safe harbour framework, subject to compliance with the option requirement.
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 eligibility under domestic transaction rules is limited to specified electricity companies and dairy co-operatives.
Eligibility for safe harbour rules in specified domestic transactions is limited to an assessee who has exercised a valid option under the prescribed procedure and who is either a Government company engaged in electricity generation, supply, transmission or distribution, or a co-operative society engaged in procuring and marketing milk and milk products. The rule identifies a restricted class of persons entitled to seek application of the safe harbour framework, subject to compliance with the option requirement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
