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Section42
The Finance Act, 2009

Insertion of new section 92CB

In force As on 09 Oct 2026

Ministry Finance

Section 42 of the Finance Act, 2009 deals with insertion of new section 92CB. Insertion of new section 92CB. 42. After section 92CA of the Income-tax Act, the following sec­tion shall be inserted, namely:— ‘92CB.

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.’.

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Section 42, The Finance Act, 2009.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 92CA Reference to Transfer Pricing Officer

Questions about Section 42

What does Section 42 of the Finance Act deal with?

Section 42 of the Finance Act is headed "Insertion of new section 92CB". Insertion of new section 92CB. 42. After section 92CA of the Income-tax Act, the following sec­tion shall be inserted, namely:— ‘92CB.

How do I find court cases under Section 42 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2009 42, section 42 Finance Act 2009, section 42 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 42 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 92CA (Reference to Transfer Pricing Officer), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2009. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.