# The Finance Act, 2009, Section 42: Insertion of new section 92CB

- Act: The Finance Act, 2009
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2009/section/42/

## Text

Insertion of new section 92CB. 42. After section 92CA of the Income-tax Act, the following sec­tion shall be inserted, namely:— ‘92CB. Power of Board to make safe harbour rules.—(1) The deter­mination of arm’s length price under section 92C or section 92CA shall be subject to safe harbour rules. (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.’. © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.