Procedure governing safe harbour rules for income attribution in case of income from business and profession

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... respects, to the Assessing Officer before furnishing the return of income under section 263 for the relevant tax year. (2) The income from eligible business shall be determined in accordance with the provisions of the Act without having regard to the provisions of rule 100(2), where the assessee does not exercise option for safe harbour under rule 100(1). (3) The Assessing Officer may decla....