https://www.taxtmi.com/acts?id=45727 Safe harbour option requires the assessee to furnish the prescribed Form No. 3CEFC to the Assessing Officer before filing the return; if the option is not exercised, income from the eligible business is determined under the Act without regard to rule 10TIA(2). The Assessing Officer may declare the option invalid by written order for incorrect facts or concealment, but must afford a reasonable opportunity of being heard and serve a copy of the order, with other provisions of the Act applying accordingly. en-us Mon, 02 Dec 2024 11:37:32 +0530 Thu, 05 Dec 2024 11:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45727 Safe harbour option requires the assessee to furnish the prescribed Form No. 3CEFC to the Assessing Officer before filing the return; if the option is not exercised, income from the eligible business is determined under the Act without regard to rule 10TIA(2). The Assessing Officer may declare the option invalid by written order for incorrect facts or concealment, but must afford a reasonable opportunity of being heard and serve a copy of the order, with other provisions of the Act applying accordingly. Act-Rules Income Tax Mon, 02 Dec 2024 11:37:32 +0530 https://www.taxtmi.com/acts?id=45727