Safe Harbour Rules: AOs must verify Form 3CEFA filings and report options; inaction leads to deemed acceptance. Safe Harbour Rules require Assessing Officers to identify and examine all Form 3CEFA filings, decide within the statutory time limit whether to accept the Safe Harbour option or refer it to the Transfer Pricing Officer, allow rectification for minor defects without extending the time limit, verify eligibility and international transactions, and furnish certified details of options filed to supervisory and central authorities.
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 Rules: AOs must verify Form 3CEFA filings and report options; inaction leads to deemed acceptance.
Safe Harbour Rules require Assessing Officers to identify and examine all Form 3CEFA filings, decide within the statutory time limit whether to accept the Safe Harbour option or refer it to the Transfer Pricing Officer, allow rectification for minor defects without extending the time limit, verify eligibility and international transactions, and furnish certified details of options filed to supervisory and central authorities.
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