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TypeBare Act JurisdictionCentral Government

Finance (No. 2) Act 2009 Section 42

Insertion of New Section 92cb

~1 min read
https://sooperkanoon.com/act/26009

Bare act section · Research

About this section

Finance (No. 2) Act 2009 Section 42 is part of Finance (No. 2) Act 2009 - Insertion of New Section 92cb. Read the section text below and explore Indian court judgments that cite it.

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Section Text

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.'.

Frequently asked questions

What does Finance (No. 2) Act 2009 Section 42 provide?

Section Section 42 of the Finance (No. 2) Act 2009 (Insertion of New Section 92cb) is reproduced on this page as part of the Finance (No. 2) Act 2009. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance (No. 2) Act 2009 Section 42?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No. 2) Act 2009 Section 42. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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