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TMI BlogProcedureX X X X Extracts X X X X X X X X Extracts X X X X ..... relevant assessment year: Provided that the return of income for the relevant assessment year is furnished by the assessee on or before the date of furnishing of Form 3CEFB: 3 [Provided further that in respect of eligible specified domestic transactions, other than the transaction referred to in clause (iv) of rule 10THB , undertaken during the previous year relevant to the assessment year beginni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e option is exercised is an eligible specified domestic transaction, before the option for safe harbour by the assessee is treated to be validly exercised. (3) Where the Assessing Officer doubts the valid exercise of the option for the safe harbour by an assessee, he may require the assessee, by notice in writing, to furnish such information or documents or other evidence as he may consider necess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er declaring the option exercised by the assessee to be invalid shall be passed without giving an opportunity of being heard to the assessee. (5) If the assessee objects to the order of the Assessing Officer under sub-rule (4) declaring the option to be invalid, he may file his objections with the Principal Commissioner or the Commissioner or the Principal Director or the Director, as the case may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e passed by the Principal Commissioner or Commissioner or Principal Director or Director, as the case may be, within a period of two months from the end of the month in which the objection filed by the assessee under sub-rule(5) is received by him. (8) If the Assessing Officer or the Principal Commissioner or the Commissioner or the Principal Director or the Director, as the case may be, does not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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