Section – 92CB : Power of Board to make safe harbour rules
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92CB.(1) The determination of arm’s length price under section 92C or section 92CA shall be subject to safe harbour rules24.
(2) The Board may, for the purposes of sub-section (1), make rules for safe harbour.
Explanation.—For the purposes of this section, “safe harbour” means circumstances in which the income-tax authorities shall accept the transfer price declared by the assessee.
