Sheriff John Loring
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Nov 21, 2020 · What Is a Safe Harbor? A safe harbor is a legal provision to sidestep or eliminate legal or regulatory liability in certain situations, provided that certain conditions are met.
Jun 4, 2020 · In other words, it refers to the circumstances under which the Income Tax authorities shall accept the transfer price declared by the assessee and the same shall be without any question or scrutiny. Businesses flourish only if there is certainty and safe-harbour provisions offer that certainty to them.
However, the safe harbour programme received a tepid response from taxpayers in India, due to perceived high margins and ambiguity in the classification of services. The CBDT has now, vide a notification2 dated 7 June 2017, revised the existing safe harbour rules in India.
Safe harbour is a provision in a law, regulation or agreement that affords protection from penalty, liability or oversight under certain circumstances.
SAFE HARBOUR definition: a rule that protects a company from being legally responsible for the results of actions that it…. Learn more.
A safe harbor is a provision of a statute or a regulation that specifies that certain conduct will be deemed not to violate a given rule. It is usually found in connection with a more-vague, overall standard.
Jan 2, 2020 · This is a quick guide to the evolution of safe harbour provisions under Indian Law and how proposed amendments are likely to impact them. If you wish to skip the history of safe harbour provisions under Indian Law and want to learn about the the current safe harbour framework, please see our visual guide here .
