Q8. Safe Harbour Regime was notified by

a) Ministry of Water resources

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b) Ministry of Finance

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c) Ministry of Shipping

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d) Ministry of Commerce

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Solution

The correct option is B b) Ministry of Finance
1. Introduced by the CBDT in 2009, safe harbour refers to the circumstances under which income-tax authorities will accept the transfer price declared by the assesse without any question or scrutiny

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