CBDT Notifies Past Years’ Safe Harbour Rules to Perpetuate for Assessment Year 2020-21
Following the best practices of international tax jurisdiction, the Indian Government introduced another dispute resolution mechanism in the form of Safe Harbour Rules (SHR) vide Finance Act 2009. However, with some delay, first round of SHR with respect to eligibility, threshold and coverage of transactions, safe harbour rates/ margins were introduced in August 2013 for a period of 3 years, followed by revision in 2017, which were applicable till Financial Year (FY) 2018-19.
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