Safe harbour option: amendment preserves validly exercised options and extends transfer pricing rule applicability for the relevant assessment year. The Income-tax (9th Amendment) Rules, 2020, effective from 1 April 2020, insert sub rule (3B) in rule 10TD to apply sub rules (1) and (2A) for the relevant assessment year; add a proviso to rule 10TE(2) excluding its application to safe harbour options validly exercised under rule 10TD(3B); and amend the heading reference in Form No. 3CEFA in Appendix II to reflect rule 10TE.
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: amendment preserves validly exercised options and extends transfer pricing rule applicability for the relevant assessment year.
The Income-tax (9th Amendment) Rules, 2020, effective from 1 April 2020, insert sub rule (3B) in rule 10TD to apply sub rules (1) and (2A) for the relevant assessment year; add a proviso to rule 10TE(2) excluding its application to safe harbour options validly exercised under rule 10TD(3B); and amend the heading reference in Form No. 3CEFA in Appendix II to reflect rule 10TE.
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