Income-tax Act, 2025 · CHAPTER X — Special provisions relating to avoidance of tax

Section 167Power of Board to make safe harbour rules

Income-tax Act, 2025 (30 of 2025)

(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.

This section refers to

§ 165 Determination of arm’s length price

§ 9 Income deemed to accrue or arise in India

Referenced by

§ 170(1)

§ 170(1)(d)

Rule 83 Time period for repatriation of excess money under section 170(2) and computation of interest income under section 170(4) pursuant to secondary adjustments

Rule 93 Mutual agreement procedure not to apply where safe harbour for international transactions is accepted