Section 167 — Power of Board to make safe harbour rules

(1) The determination of—
( a) income referred to in section 9(2); or
( b) arm’s length price under section 165 or 166,
shall be subject to safe harbour rules.
(2) For the purposes of sub-section (1), the Board may make rules for safe harbour.
(3) For the purposes of this section, “safe harbour” means circumstances in which
the income-tax authorities shall accept,—
( a) the transfer price; or
( b) the income, deemed to accrue or arise under section 9(2),
declared by the assessee.