Amendment status not verified — confirm the current text below against the official source.
(1) The determination of-- (a) income referred to in section 9(2); or (b) arm's length price under section 165 or 166, shall be subject to safe harbour rules. (2) For the purposes of sub-section (1), the Board may make rules for safe harbour. (3) For the purposes of this section, "safe harbour" means circumstances in which the income-tax authorities shall accept,-- (a) the transfer price; or (b) the income, deemed to accrue or arise under section 9(2), declared by the assessee.