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Rule 10THA of Income Tax Rules 1962: Eligible Assessee (Safe Harbour Rules for Specified Domestic Transactions)

Rule 10THA - Eligible assessee
(Safe Harbour Rules for Specified Domestic Transactions)

The 'eligible assessee' means a person who has exercised a valid option for application of safe harbour rules in accordance with the provisions of rule 10THC, and—

(i) is a Government company engaged in the business of generation, supply, transmission or distribution of electricity; or


(ii) is a co-operative society engaged in the business of procuring and marketing milk and milk products.



Extra Notes for Readers:

- Rule 10THA was introduced by the Income Tax (2nd Amendment) Rules, 2015, w.e.f. 4th Feb. 2015



Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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