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Untitled Document
SECTION 92CB of the Income-tax Act, 1961 empowers the CBDT to make safe harbour rules, for the determination of arm's length price under section 92C or section 92CA.
The scope of the safe harbour rules has been expanded by -
- Increasing the threshold for availing safe harbour from Rs. 200 Crore to Rs. 300 Crore;
- Including the “lithium ion batteries for use in electric or hybrid electric vehicles” in the definition of core auto components.
To provide tax certainty to the assessees opting for safe harbour, the amendments are applicable to two assessment years 2025-26 and 2026-27.
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