Income-tax (2nd Amendment), Rules, 2016 - Amendments in Safe Harbour Rules for Specified Domestic Transactions

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..... ise of the powers conferred by section 92CB , read with section 295 of the Income-tax Act, 1961(43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income tax Rules, 1962 , namely:- 1. (1) These rules may be called the Income-tax (2nd Amendment), Rules, 2016. (2) They shall come into force from the date of their publication in .....

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..... the tariff is approved shall be inserted. 5. In the said rules, in rule 10 THD, in sub-rule (1), for the second proviso, the following proviso shall be substituted, namely:- Provided further that in respect of eligible specified domestic transactions, other than the transaction referred to in clause (iv) of rule 10 THB , undertaken during the previous year relevant to the assessm .....

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