Power of Board to make safe harbour rules.92CB.
(1) The determination of arm's length price under section 92C
or section 92CA
shall be subject to safe harbour rules38
.(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.