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.

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