Safe harbour for eligible specified domestic transaction

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.... exercised by the said assessee is treated to be validly exercised under rule 98; and (b) it is in accordance with the circumstances as specified in sub-rule (2). (2) The circumstances referred to in sub-rule (1) in respect of the eligible specified domestic transaction specified in column B of the following Table shall be as specified in column C thereof: Table Sl.No. Eligibl....

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.... (ii) the percentage of shares held by the members in the co-operative society; or (iii) the voting power held by the members in the society; and (b) such rates are routinely declared by the co-operative society in a transparent manner and are available in public domain. (3) No comparability adjustment and allowance under section 165(3)(a)(ii) shall be made to the trans....