https://www.taxtmi.com/acts?id=19096 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. en-us Mon, 09 Feb 2015 11:57:23 +0530 Tue, 19 May 2026 10:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19096 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. Act-Rules Income Tax Mon, 09 Feb 2015 11:57:23 +0530 https://www.taxtmi.com/acts?id=19096