Section 92CB of the Income Tax Act: Power of Board to make safe harbour rules
7[(1) The determination of—
(a) income referred to in clause (i) of sub-section (1) of section 9; or
shall be subject to safe harbour rules8.]
(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 9[the transfer price or income, deemed to accrue or arise under clause (i) of sub-section (1) of section 9, as the case may be, declared by the assessee].