Home India Ministry of Finance The Central Board of Direct Taxes hereby makes the following...
Date: 2015-02-04 Category: Extra Ordinary State: Union Government Country: India

The Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, These rules may be called the Income-tax (2nd Amendment), Rules, 2015.

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification amends the Income-tax Rules, 1962, by inserting rules 10TH to 10THD, which provide Safe Harbour Rules for Specified Domestic Transactions. It defines eligible assessees and transactions related to electricity generation, transmission, and distribution for Government companies. The amendment also introduces Form 3CEFB for exercising the option for safe harbor, with specific deadlines for submission. Key Points / Main Content: * **Amendment to Income-tax Rules, 1962:** * Inserts new rules 10TH to 10THD regarding Safe Harbour Rules for Specified Domestic Transactions. * Modifies rule 10D concerning information and documents to be maintained. * **Definitions (Rule 10TH):** * "Appropriate Commission" holds the same meaning as in section 2(4) of the Electricity Act, 2003. * "Government company" holds the same meaning as in section 2(45) of the Companies Act, 2013. * **Eligible Assessee (Rule 10THA):** * Defined as a Government company engaged in electricity generation, transmission, or distribution. * Must have exercised a valid option for safe harbor rules per rule 10THC. * **Eligible Specified Domestic Transaction (Rule 10THB):** * Includes supply, transmission, or wheeling of electricity undertaken by an eligible assessee. * **Safe Harbour (Rule 10THC):** * If the option is validly exercised, the declared transfer price is accepted if it aligns with specified circumstances. * No comparability adjustment or allowance under section 92C(2) is allowed. * Sections 92D and 92E apply irrespective of the safe harbor option. * **Procedure (Rule 10THD):** * Assessee must furnish Form 3CEFB to the Assessing Officer by the due date for income return under section 139(1). * The return of income must be furnished by the date of furnishing Form 3CEFB. * Specific provision allows Form 3CEFB to be furnished on or before March 31, 2015, for transactions in the assessment year beginning April 1, 2013, or April 1, 2014. * Assessing Officer verifies eligibility and transaction type. * The Assessing Officer can request additional information or documents. * The Assessing Officer can declare the option invalid under specific circumstances, with an opportunity for a hearing. * The assessee can object to the order with the Principal Commissioner/Director within 15 days. * Timelines are provided for the Assessing Officer and Principal Commissioner/Director to pass orders. * **Form 3CEFB:** * Introduces Form 3CEFB as the application for opting for Safe Harbour in respect of Specified Domestic Transactions * **Amendment of Rule 10D:** * Specifies information and documentation requirements for eligible assessees. Impact Analysis: * **Government Companies (Eligible Assessees):** * Impact: Benefit from simplified transfer pricing compliance for eligible electricity-related transactions. * Action Required: Evaluate eligibility, consider exercising the safe harbor option, comply with documentation requirements, and furnish Form 3CEFB by the specified deadlines. * **Assessing Officers:** * Impact: Required to verify the eligibility of assessees and transactions for safe harbor. * Action Required: Review Form 3CEFB, verify eligibility, request additional information if needed, and pass orders regarding the validity of the safe harbor option within the specified timelines. * **Principal Commissioners/Directors:** * Impact: Responsible for addressing objections raised by assessees regarding the validity of the safe harbor option. * Action Required: Review objections, provide a hearing to the assessee, and pass appropriate orders within the specified timeframe.

Key Entities Referenced

Incometax Act, 1961: A law that is being amended by this notification. Central Board of Direct Taxes: The organization issuing the notification and making amendments to the Incometax Rules. Incometax Rules, 1962: The set of rules being amended by this notification. Incometax 2nd Amendment, Rules, 2015: The name of the amendment rules introduced in this notification. Electricity Act, 2003: Act that defines 'Appropriate Commission' in relation to tariff and electricity supply. Companies Act, 2013: Act that defines 'Government company'. Safe Harbour Rules for International Transactions: Rules related to international transactions, which are being distinguished from the new rules for specified domestic transactions. New Delhi, Delhi: Place of publication of the notification
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 264] ubZ fnYyh] cq/okj] iQjojh 4] 2015@ek?k 15] 1936 No. 264] NEW DELHI, WEDNESDAY, FEBRUARY 4, 2015 /MAGHA 15, 1936 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय ((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वव वव ििििववववभभभभाााागगगग)))) ((((कककक(cid:8)(cid:8)(cid:8)(cid:8)(cid:9)(cid:9)(cid:9)(cid:9)ीीीीयययय (cid:12)(cid:12)(cid:12)(cid:12)(cid:13)(cid:13)(cid:13)(cid:13)यय यय (cid:14)(cid:14)(cid:14)(cid:14) ककककरररर बबबबोोोोडडडड(cid:18)(cid:18)))(cid:18)(cid:18))) अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:4)द(cid:6)ल ी, 4 फ़रवरी, 2015 आआआआयययय----ककककरररर ककककाााा....आआआआ.... 333355550000((((अअअअ))))....————क(cid:10)(cid:11)ीय (cid:13)(cid:14) य(cid:15) कर बोड,(cid:20) आय कर अिधिनयम, 1961 (1961 का 43) क(cid:21) धारा 295 के साथ प(cid:25)ठत धारा 92गख और धारा 92घ (cid:29)ारा (cid:13)द(cid:14) त शि त य! का (cid:13)योग करत े $ए, आय कर िनयम, 1962 का और संशोधन करन े के िलए िन&न िलिखत िनयम बनाता ह,ै अथा(cid:20)त् :— 1. (1) इन िनयम! का संि(cid:15). त नाम आय कर (दसू रा संशोधन) िनयम, 2015 ह ै । (2) ये राजप0 म(cid:10) (cid:13)काशन क(cid:21) तारीख को (cid:13)वृ(cid:14)त ह!गे । 2. आय कर िनयम, 1962 म,(cid:10)— (अ) भाग 2 म,(cid:10) िवशेष मामल! से संबंिधत उप भाग घ म,(cid:10)- (1) िनयम 10 घ म,(cid:10)- (क) उपिनयम (2) के प9 चात ् िन& निलिखत उपिनयम अतं :;थ ािपत (cid:4)कया जाएगा, अथा(cid:20)त् :-- ‘‘(2क) उपिनयम (1) म (cid:10) अंत<व= ट कोई बात, जहा ं तक यह िनयम 10नजख म (cid:10) िन?द=ट (cid:4)कसी पा0 िविन?द=ट घरेल ू सं@ यवहार से संबंिधत ह,ै िनयम 10नजक म(cid:10) िन?द=ट (cid:4)कसी पा0 िनधा(cid:20)(cid:25)रती के मामले म(cid:10) लागू होगी और उ त पा0 िनधा(cid:20)(cid:25)रती िन& निलिखत जानकारी और द;त ावेज रखगे ा और बनाए रखेगा, अथा(cid:20)त ्:-- (i) िनधा(cid:20)(cid:25)रती उCम के ; वािम(cid:14) व ढांचे का िववरण और साथ ही दसू रे उCम! (cid:29)ारा उसम(cid:10) धा(cid:25)रत शेयर! और अDय ; वािम(cid:14) व िहत का E यौरा ; 619 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ii) िनधा(cid:20)(cid:25)रती के कारबार का और उस उCोग का, िजसम(cid:10) िनधा(cid:20)(cid:25)रती काय(cid:20) करता ह ै और उन सहयु त उCम! के, िजनके साथ िनधा(cid:20)(cid:25)रती न े सं@ यवहार (cid:4)कया ह,ै कारबार का िव;त तृ िववरण ; (iii) (cid:13)(cid:14) येक सहयु त उCम के साथ (cid:4)कए गए िविन?द=ट घरेल ू सं@य वहार! क(cid:21) (cid:13)कृित और िनबंधन (क(cid:21)मत! सिहत) तथा ऐसे (cid:13)(cid:14) येक सं@ यवहार क(cid:21) मा0ा और म(cid:6)ू य या ऐसे सं@य वहार का वग (cid:20); (iv) िविनयामक आयोग के सम(cid:15) काय(cid:20)वािहया,ं य(cid:4)द कोई ह!, का अिभलेख और िविन?द=ट घरेलू सं@य वहार के संबंध म(cid:10) ऐसे आयोग के आदेश ; (v) िविन?द= ट घरेल ू सं@ यवहार क(cid:21) अंतरण क(cid:21)मत अवधा(cid:25)रत करने के िलए (cid:4)कए गए व;त ुत: काय (cid:20)का अिभलेख ; (vi) पूवा(cid:20)नुमान, नीितयां तथा क(cid:21)मत परLामण, य(cid:4)द कोई ह!, िजDह !ने अतं रण क(cid:21)मत के अवधारण को िनणाय(cid:20) क Mप स े(cid:13)भािवत (cid:4)कया हो ; (vii) कोई अD य जानकारी, डाटा या द;त ावेज, िजसके अंतगत(cid:20) सहय ु त उCम से संबंिधत जानकारी या डाटा भी ह,ै जो अंतरण क(cid:21)मत का अवधारण करने के िलए सुसंगत हो ।’’; (ख) उपिनयम (3) म,(cid:10) ‘‘उपिनयम (1)’’ शEद , को=ठ क और अंक के ;थ ान पर, ‘‘उपिनयम (1) और उपिनयम (2क)’’ शE द, को= ठक और अंक रखे जाएंगे ; (ग) उपिनयम (4) म (cid:10) और उपिनयम (4) के परंतुक म,(cid:10) ‘‘उपिनयम (1) और (2)’’ शEद !, को=ठ क! और अंक! के ;थ ान पर, जहां कहN वे आते ह,O ‘‘उपिनयम (1) और उपिनयम (2) और उपिनयम (2क)’’ शEद , को=ठ क और अंक रख े जाएंगे ; (घ) उपिनयम (5) म,(cid:10) ‘‘उपिनयम (1) और (2)’’ शEद !, को=ठ क! और अंक! के ;थ ान पर, ‘‘उपिनयम (1) और उपिनयम (2) और उपिनयम (2क)’’ शE द, को=ठ क और अंक रखे जाएगं े ; (2) िनयम 10न के प9 चात्, शीष(cid:20)क म,(cid:10) ‘‘सुरि(cid:15)त आPय िनयम’’ शEद ! के ;थ ान पर, ‘‘अंतररा=Q ीय सं@य वहार! के िलए सरु ि(cid:15)त आPय िनयम’’ शE द रख े जाएंगे ; (3) िनयम 10नछ के प9 चात ् िन& निलिखत िनयम अतं :;थ ािपत (cid:4)कए जाएंग,े अथा(cid:20)त ्:-- ‘‘‘‘‘‘‘‘ििििववववििििनननन(cid:13)(cid:13)(cid:13)(cid:13)दददद(cid:15)(cid:15)(cid:15)(cid:15)टट टट घघघघररररेेेेलललल ूू ूूसससस(cid:22)(cid:22)ंं(cid:22)(cid:22)ंं यय यय ववववहहहहाााारररर(cid:24)(cid:24)(cid:24)(cid:24) ककककेेेे ििििललललएएएए ससससररुुररुु िििि(cid:28)(cid:28)(cid:28)(cid:28)तततत आआआआ(cid:30)(cid:30)(cid:30)(cid:30)यययय ििििननननययययमममम’’’’’’’’ 11110000ननननजजजज.... पपपप ररररभभभभााााषषषषााााएएएए--ंं--ंं इस िनयम और िनयम 10नजक से िनयम 10नजघ के (cid:13)योजन! के िलए,- (क) ‘‘समुिचत आयोग’’ का वही अथ (cid:20) होगा जो िवCुत अिधिनयम, 2003 (2003 का 36) क(cid:21) धारा 2 क(cid:21) उपधारा (4) म (cid:10) ह ै; (ख) ‘‘सरकारी कंपनी’’ का वही अथ(cid:20) होगा जो कंपनी अिधिनयम, 2013 (2013 का 18) क(cid:21) धारा 2 क(cid:21) उपधारा (45) म (cid:10) ह ै; 11110000ननननजजजजकककक.... पपपपाााा(cid:8)(cid:8)(cid:8)(cid:8) ििििननननधधधधाााा $$ $$ ररररततततीीीी---- ‘‘‘‘‘‘‘‘पा0 िनधा(cid:20)(cid:25)रती’’ से ऐसा @य ि त अिभ(cid:13)ेत ह,ै िजसने िनयम 10नजग के उपबंध! के अनुसार सुरि(cid:15)त आPय िनयम! के लागू होने के िलए िविधमाDय िवक(cid:6)प का (cid:13)योग (cid:4)कया ह ै और िवCुत के उ(cid:14)प ादन, पारेषण या िवतरण के कारबार म (cid:10)लगी $ई कोई सरकारी कंपनी ह ै। 11110000ननननजजजजखखखख.... पपपपाााा(cid:8)(cid:8)(cid:8)(cid:8) ििििववववििििनननन(cid:13)(cid:13)(cid:13)(cid:13)दददद(cid:15)(cid:15)(cid:15)(cid:15)टट टट घघघघररररेेेेलललल ूूूू सससस(cid:22)(cid:22)ंं(cid:22)(cid:22)ंं यय यय ववववहहहहाााारररर- ‘‘पा0 िविन?द=ट घरेल ू सं@य वहार’’ से (cid:4)कसी पा0 िनधा(cid:20)(cid:25)रती (cid:29)ारा (cid:4)कया गया कोई िविन?द= ट घरेलू सं@ यवहार अिभ(cid:13)ेत ह ैऔर िजसम (cid:10) िन&न िलिखत समािव=ट ह,O- (i) (cid:4)कसी उ(cid:14) पादन कंपनी (cid:29)ारा िवCुत का (cid:13)दाय ; या (ii) िवCुत का पारेषण ; या (iii) िवCुत का चLण ।¹Hkkx IIµ[k.M 3 (ii)º Hkkjr dk jkti=k % vlk/kj.k 3 ससससररुुररुु िििि(cid:28)(cid:28)(cid:28)(cid:28)तततत आआआआ(cid:30)(cid:30)(cid:30)(cid:30)यययय 11110000ननननजजजजगगगग.... (1) जहां (cid:4)कसी पा0 िनधा(cid:20)(cid:25)रती न े (cid:4)कसी िनधा(cid:20)रण वष(cid:20) से सुसंगत (cid:4)कसी भी पवू (cid:20)वतS वष(cid:20) म(cid:10) कोई पा0 िविन?द= ट घरेलू सं@ यवहार (cid:4)कया ह ै और उ त िनधा(cid:20)(cid:25)रती (cid:29)ारा (cid:13)योग (cid:4)कए गए िवक(cid:6)प को िनयम 10नजघ के अधीन िविधमाD य Mप से (cid:13)योग (cid:4)कया गया समझा गया ह ै तो िनधा(cid:20)(cid:25)रती (cid:29)ारा उ त िनधा(cid:20)रण वष(cid:20) के िलए ऐसे सं@य वहार क(cid:21) बाबत घोिषत क(cid:21) गई अतं रण क(cid:21)मत को, य(cid:4)द यह उपिनयम (2) म(cid:10) यथािविन?दषट ् प(cid:25)रि;थ ितय! के अनुसार ह,ै तो आय कर (cid:13)ािधका(cid:25)रय! (cid:29)ारा ; वीकृत (cid:4)कया जाएगा । (2) नीचे दी गई सारणी के ;त भं (2) म(cid:10) िविन?द=ट पा0 िविन?द=ट घरेलू सं@य वहार क(cid:21) बाबत उपिनयम (1) म(cid:10) िन?द=ट प(cid:25)रि; थितयां उ त सारणी के ;त भं (3) म (cid:10) त(cid:14) स थ् ानी (cid:13)िवि=ट म(cid:10) यथािविन?द=ट ह!गी :-- Ø- la- पा0 िविन?द= ट घरेलू सं@य वहार प(cid:25)रि;थ ितया ं 1 2 3 1 िनयम नजख क(cid:21), यथाि;U ाित मद (i), (ii) या (iii) म (cid:10) िन?द=ट fo|qr यथाि;Uा ित, िवCुत के (cid:13)दाय, िवCुत के dk iznk;] िवCुत का पारेषण, िवCुत का चLण पारेषण, िवCुत के चLण क(cid:21) बाबत टै(cid:25)रफ िवCुत अिधिनयम, 2003 (2003 का 36) के उपबंध! के अनुसार समुिचत आयोग (cid:29)ारा अवधा(cid:25)रत (cid:4)कया गया ह ै । (3) धारा 92ग क(cid:21) उपधारा (2) के दसू रे परंतुक के अधीन तु(cid:6)य ता समायोजन और मोक पा0 िनधा(cid:20)(cid:25)रती (cid:29)ारा घोिषत और उपिनयम (1) के अधीन ; वीकृत अंतरण क(cid:21)मत के िलए नहN (cid:4)कया जाएगा । (4) (cid:4)कसी िविन?द= ट घरेल ू सं@य वहार क(cid:21) बाबत धारा 92घ और धारा 92ड. के उपबंध इस तUय पर िवचार (cid:4)कए िबना लाग ू ह!गे (cid:4)क िनधा(cid:20)(cid:25)रती न े ऐस ेसं@ यवहार क(cid:21) बाबत सुरि(cid:15)त आPय के िलए अपन े िवक(cid:6)प का (cid:13)योग (cid:4)कया ह ै । &&&&’’’’((((ययययाााा 11110000ननननजजजजघघघघ.... (1) सुरि(cid:15)त आPय के िलए िवक(cid:6)प के (cid:13)योग के (cid:13)योजन! के िलए िनधा(cid:20)(cid:25)रती, िनधा(cid:20)रण अिधकारी को सभी (cid:13)कार से पणू (cid:20) (cid:13)Mप 3गड.चख सुसंगत िनधा(cid:20)रण वष(cid:20) के िलए आय क(cid:21) िववरणी देन े के िलए धारा 139 क(cid:21) उपधारा (1) के ; प= टीकरण 2 म (cid:10) िविन?द= ट देय तारीख को या उसके पहले देगा : परंत ु यह तब जब िनधा(cid:20)(cid:25)रती (cid:29)ारा सुसंगत िनधा(cid:20)रण वष (cid:20) के िलए आय क(cid:21) िववरणी (cid:13)Mप 3गड.चख के (cid:4)दए जाने क(cid:21) तारीख को या उससे पहले द े दी गई ह ै: परंत ु यह और (cid:4)क 1 अ(cid:13)ैल, 2013 को (cid:13)ारंभ होने वाल े या 1 अ(cid:13)लै , 2014 को (cid:13)ारंभ होने वाल े िनधा(cid:20)रण वष (cid:20) के िलए सुसंगत पूव(cid:20)वतS वष(cid:20) के दौरान (cid:4)कए गए पा0 िविन?द=ट घरेलू सं@य वहार! क(cid:21) बाबत िनधा(cid:20)(cid:25)रती (cid:29)ारा (cid:13)Mप 3गड.चख 31 माच,(cid:20) 2015 को या उससे पहले (cid:4)दया जा सकता ह ै । (2) (cid:13)Mप 3गड.चख क(cid:21) (cid:13)ाप ि् त पर िनधा(cid:20)रण अिधकारी, इससे पहले (cid:4)क िनधा(cid:20)(cid:25)रती (cid:29)ारा सुरि(cid:15)त आPय के िलए िवक(cid:6)प को िविधमाD य Mप स े (cid:13)योग (cid:4)कया गया समझा जाए, यह स(cid:14)य ािपत करेगा (cid:4)क य ा- (i) िवक(cid:6) प का (cid:13)योग करने वाला िनधा(cid:20)(cid:25)रती पा0 िनधा(cid:20)(cid:25)रती ह ै; और (ii) वह सं@ यवहार, िजसक(cid:21) बाबत िवकYi का (cid:13)योग (cid:4)कया गया ह,ै पा0 िविन?द=ट घरेलू सं@य वहार ह ै । (3) जहा ं िनधा(cid:20)रण अिधकारी को, िनधा(cid:20)(cid:25)रती (cid:29)ारा सुरि(cid:15)त आPय के िलए िवक(cid:6)प के िविधमाDय (cid:13)योग म (cid:10) संदेह ह,ै तो वह िनधा(cid:20)(cid:25)रती से िलिखत सूचना (cid:29)ारा ऐसी जानकारी या द;त ावेज या अDय साWय (cid:13);त ुत करन े क(cid:21) अपे(cid:15)ा कर सकेगा जो वह आव9 यक समझे और िनधा(cid:20)(cid:25)रती उD ह (cid:10)ऐसी सूचना म(cid:10) िविन?द=ट समय के भीतर देगा । (4) जहा-ं (क) िनधा(cid:20)(cid:25)रती, िनधा(cid:20)रण अिधकारी (cid:29)ारा अपेि(cid:15)त जानकारी या द;त ावेज या अDय साWय नहN देता ह ै; या (ख) िनधा(cid:20)रण अिधकारी यह पाता ह ै (cid:4)क िनधा(cid:20)(cid:25)रती कोई पा0 िनधा(cid:20)(cid:25)रती नहN ह ै; या4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ग) िनधा(cid:20)रण अिधकारी यह पाता ह ै (cid:4)क वह िविन?द=ट घरेलू सं@य वहार, िजसक(cid:21) बाबत उपिनयम (1) म (cid:10) िन?द= ट िवक(cid:6) प का (cid:13)योग (cid:4)कया गया ह,ै कोई पा0 िविन?द=ट घरेलू सं@य वहार नहN ह;ै या (घ) टै(cid:25)रफ िनयम 10नजग के उपिनयम (2) म (cid:10) िविन?द=ट प(cid:25)रि;थ ितय! के अनुसार नहN ह,ै तो िनधा(cid:20)रण अिधकारी, िलिखत आदशे (cid:29)ारा उपिनयम (1) के अधीन िनधा(cid:20)(cid:25)रती (cid:29)ारा (cid:13)योग (cid:4)कए गए िवक(cid:6)प को अिविधमाD य घोिषत करेगा और िनधा(cid:20)(cid:25)रती पर उ त आदेश क(cid:21) एक (cid:13)ित क(cid:21) तामील कराएगा : परंतु िनधा(cid:20)(cid:25)रती (cid:29)ारा (cid:13)योग (cid:4)कए गए िवक(cid:6)प को अिविधमाDय घोिषत (cid:4)कए जान े का आदशे िनधा(cid:20)(cid:25)रती को सुनवाई का एक अवसर (cid:4)दए िबना नहN (cid:4)कया जाएगा । (5) य(cid:4)द िनधा(cid:20)(cid:25)रती उपिनयम (4) के अधीन िनधा(cid:20)रण अिधकारी (cid:29)ारा िवक(cid:6)प को अिविधमाDय घोिषत करन े के िवक(cid:6)प पर आ(cid:15)ेप करता ह ै तो वह िनधार(cid:20) ण अिधकारी के आदेश क(cid:21) (cid:13)ाि.त के पD(cid:11) ह (cid:4)दन के भीतर अपन े आ(cid:15)ेप, यथाि;थ ित, उस (cid:13)धान आयु त या आयु त या (cid:13)धान िनदेशक या िनदेशक के सम(cid:15) फाइल कर सकेगा, िजसका वह िनधा(cid:20)रण अिधकारी अधीन;थ ह ै। (6) उपिनयम (5) म (cid:10) िन?द= ट आ(cid:15)ेप क(cid:21) (cid:13)ाि. त पर, यथाि;थ ित, (cid:13)धान आयु त या आयु त या (cid:13)धान िनदशे क या िनदशे क, िनधा(cid:20)(cid:25)रती को सुनवाई का एक अवसर देन े के प9 चात ् िनधा(cid:20)(cid:25)रती (cid:29)ारा (cid:13)योग (cid:4)कए गए िवक(cid:6)प क(cid:21) िविधमाDय ता क(cid:21) बाबत या अD यथा समुिचत आदेश पा(cid:25)रत करेगा और उ त आदशे क(cid:21) एक (cid:13)ित िनधा(cid:20)(cid:25)रती और िनधा(cid:20)रण अिधकारी पर तामील कराएगाA (7) इस िनयम के (cid:13)योजन! के िलए,- (i) िनधा(cid:20)रण अिधकारी (cid:29)ारा उपिनयम (4) के अधीन कोई आदेश, उस मास के अंत से, िजसम(cid:10) उसके (cid:29)ारा (cid:13)Mप 3गड.चख (cid:13)ा. त (cid:4)कया गया ह,ै तीन मास क(cid:21) अविध के अवसान के प9च ात् नहN (cid:4)कया जाएगा ; (ii) यथाि;थ ित, (cid:13)धान आयु त या आयु त या (cid:13)धान िनदेशक या िनदेशक (cid:29)ारा उपिनयम (6) के अधीन आदेश, उस मास के अंत से, िजसम(cid:10) उसके (cid:29)ारा िनयम 5 के अधीन िनधा(cid:20)(cid:25)रती (cid:29)ारा फाइल आ(cid:15)पे (cid:13)ा.त (cid:4)कया गया ह,ै दो मास क(cid:21) अविध के भीतर पा(cid:25)रत (cid:4)कया जाएगा । (8) यथाि;थ ित, (cid:13)धान आयु त या आयु त या (cid:13)धान िनदशे क या िनदेशक, उपिनयम (7) म(cid:10) िविन?द=ट समय के भीतर कोई आदेश पा(cid:25)रत नहN करता ह ैतो िनधा(cid:20)(cid:25)रती (cid:29)ारा (cid:13)योग (cid:4)कए गए सुरि(cid:15)त आPय के िवक(cid:6)प को िविधमाDय समझा जाएगा ।’ ; (आ) प(cid:25)रिश= ट 2 म,(cid:10) (cid:13)Mप स.ं 3गड.चअ के प9 चात् िन&न िलिखत (cid:13)Mप अंत:;थ ािपत (cid:4)कया जाएगा, अथा(cid:20)त ्:-- ‘‘‘‘‘‘‘‘&&&&))))पपपप सससस....ंंंं 3333गगगगडडडड....चचचचखखखख [[[[ ििििननननययययमममम 11110000ननननचचचचघघघघ ककककेेेे उउउउपपपपििििननननययययमममम ((((1111)))) ददददेिेिेिेिखखखखएएएए ]]]] ििििववववििििनननन(cid:13)(cid:13)(cid:13)(cid:13)दददद(cid:15)(cid:15)(cid:15)(cid:15)टट टट घघघघररररेेेेलललल ूू ूूसससस(cid:22)(cid:22)ंं(cid:22)(cid:22)ंं यय यय ववववहहहहाााारररर(cid:24)(cid:24)(cid:24)(cid:24) कककक**** बबबबााााबबबबतततत ससससररुुररुु िििि(cid:28)(cid:28)(cid:28)(cid:28)तततत आआआआ(cid:30)(cid:30)(cid:30)(cid:30)यययय ककककेेेे ििििववववकककक,,,,पप पप ककककेेेे ििििललललएएएए आआआआववववददेेददेे नननन सेवा म,(cid:10) िनधा(cid:20)रण अिधकारी ............................................... महोदय/महोदया, मO आय कर िनयम 1962 के िनयम 10नज स े िनयम 10नजघ के साथ प(cid:25)ठत आय कर अिधिनयम, 1961 क(cid:21) धारा 92गख के अधीन सरु ि(cid:15)त आPय िनयम! के िवक(cid:6) प का (cid:13); ताव करता X ं। इस संबंध म(cid:10) िविशि=ट यां िन&न िलिखत ह O: 1. साधारण : (क) िनधा(cid:20)(cid:25)रती का परू ा नाम : (ख) ;थ ायी लेखा सYं याकं : (ग) िनधा(cid:20)(cid:25)रती का पता : (घ) कारबार क(cid:21) (cid:13)कृित या िनधा(cid:20)(cid:25)रती के काय(cid:20)कलाप : (ड.) (cid:13)ाि;थ ित : (च) िनधार(cid:20) ण वष(cid:20) : 2. पा0 िविन?द= ट घरेल ू सं@ यवहार : ((((. सससस.ंंंं पपपपाााा(cid:8)(cid:8)(cid:8)(cid:8) ििििववववििििनननन(cid:13)(cid:13)(cid:13)(cid:13)दददद(cid:15)(cid:15)(cid:15)(cid:15)टट टट घघघघररररेेेेलललल ूू ूूसससस(cid:22)(cid:22)ंं(cid:22)(cid:22)ंं यय यय ववववहहहहाााारररर कककक**** बबबबााााबबबबतततत ििििववववििििशशशशिििि(cid:15)(cid:15)(cid:15)(cid:15) टट टटययययाााा ंं ंं टटटट....पप पप ििििणणणणययययाााा ंं ंं 1. D;k ik=k fu/kZfjrh us fu;e 10 ut[k dh en (i) (ii) ;k en (iii) esa fu£n"V gka ugha fo|qr ds iznk;] fo|qr ds ikjs"k.k ;k fo|qr ds pØ.k dh ckcr dksbZ Hkh fofu£n"V ?kjsyw¹Hkkx IIµ[k.M 3 (ii)º Hkkjr dk jkti=k % vlk/kj.k 5 laO;ogkj fd;k gS \ ;fn gka] rks fuEuor C;kSjs nsa (क) lg;qDr m|e (,bZ) dk uke vkSj irk] ftlds lkFk i=k fofu£n"V ?kjsyw laO;ogkj fd;k gS \ (ख) ik=k fofu£n"V ?kjsyw laO;ogkj dk fooj.k A (ग) VSfjiQ vo/kfjr djus okys leqfpr vk;ksx ds lqlaxr vknsl ds C;kSjs A (घ) Ikk=k fofu£n"V ?kjsyw laO;ogkj dh ckcr izkIr ;k izkI;@lanÙk ;k lans; jde A (ङ) D;k varj.k dher fu;e 10 utx ds v/hu fofu£n"V ifjfLFkfr;ksa हानं हN/ ds vuqlkj gS A मO घोिषत करता X ं(cid:4)क इसम(cid:10) दी गई जानकारी सही और स(cid:14)य किथत ह ै । ; थान : तारीख : भवदीय, ह;त ा(cid:15)र नाम पदनाम/हिै सयत पता टटटट....पप पप णणणण 1111 - सहयु त उCम का वही अथ (cid:20) होगा जो िनयम 10क के खंड (क) म(cid:10) (cid:4)दया गया ह ै। टटटट....पप पप णणणण 2222---- आवेदन का स(cid:14) यापन धारा 140 के अधीन आय क(cid:21) िववरणी को स(cid:14)य ािपत करने के िलए (cid:13)ािधकृत @य ि त (cid:29)ारा (cid:4)कया जाएगा ।’’। [अिधसूचना सं.11/2015/फा. सं. 142/7/2014-टीपीएल] आशीष कुमार, िनदेशक (कर नीित और िवधान) टटटट....पप पप णणणण :::: मलू िनयम भारत के राजप0, असाधारण, भाग III, खंड 3, उपखडं (i) म (cid:10) अिधसचू ना संYय ाकं का.आ. 969(अ), तारीख 26 माच,(cid:20) 1962 म(cid:10) (cid:13)कािशत (cid:4)कए गए थे और अंितम बार अिधसूचना संYय ाकं का.आ. 180(अ), तारीख 19-01-2015 (cid:29)ारा संशोिधत (cid:4)कए गए । MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th February, 2015 INCOME–TAX S.O. 350 (E).—In exercise of the powers conferred by sections 92CB and 92D read with section 295 of the Income-tax Act, 1961(43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. (1) These rules may be called the Income-tax (2nd Amendment), Rules, 2015. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, — (A) in Part-II, in sub-part D relating to special cases,—6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (1) in rule 10 D— (a) after sub-rule (2), the following sub-rule shall be inserted, namely:— “(2A) Nothing contained in sub-rule (1), in so far as it relates to an eligible specified domestic transaction referred to in rule 10THB , shall apply in a case of an eligible assessee referred to in rule 10THA and, the said eligible assessee, shall keep and maintain the following information and documents, namely:- (i) a description of the ownership structure of the assessee enterprise with details of shares or other ownership interest held therein by other enterprises; (ii) a broad description of the business of the assessee and the industry in which the assessee operates, and of the business of the associated enterprises with whom the assessee has transacted; (iii) the nature and terms (including prices) of specified domestic transactions entered into with each associated enterprise and the quantum and the value of each such transaction or class of such transaction; (iv) a record of proceedings if any before the regulatory commission and orders of such commission relating to the specified domestic transaction; (v) a record of the actual working carried out for determining the transfer price of the specified domestic transaction; (vi) the assumptions, policies and price negotiations, if any, which have critically affected the determination of the transfer price; (vii) any other information, data or document, including information or data relating to the associated enterprise, which may be relevant for determination of the transfer price.”; (b) in sub-rule (3), for the word, brackets and figure “sub-rule (1)”, the word, brackets, figures and letter “sub-rules (1) and (2A)” shall be substituted; (c) in sub-rule (4) and in the proviso to sub-rule (4), for the words, brackets and figures“sub- rules (1) and (2)”, wherever they occur, the words, brackets, figures and letter “sub-rules (1), (2) and (2A)” shall be substituted; (d) in sub-rule (5), for the words, brackets and figures “sub-rules (1) and (2)”, the words, brackets, figures and letter “sub-rules (1), (2) and (2A)” shall be substituted; (2) after rule 10T, in the heading, for the words “Safe Harbour Rules”, the words “ Safe Harbour Rules for International Transactions” shall be substituted; (3) after rule 10TG, the following rules shall be inserted, namely:— ‘“Safe Harbour Rules for Specified Domestic Transactions” 10TH. Definitions.- For the purposes of this rule and rules 10THA to 10THD,- (a) "Appropriate Commission” shall have the same meaning as assigned to it in sub-section (4) of section 2 of the Electricity Act, 2003 (36 of 2003); (b) “Government company” shall have the same meaning as assigned to it in sub-section (45) of section 2 of the Companies Act, 2013 (18 of 2013); 10THA. Eligible assessee.–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 is a Government company engaged in the business of generation, transmission or distribution of electricity. 10THB. Eligible specified domestic transaction.–The “Eligible specified domestic transaction” means a specified domestic transaction undertaken by an eligible asseessee and which comprises of :- (i) supply of electricity by a generating company; or (ii) transmission of electricity; or¹Hkkx IIµ[k.M 3 (ii)º Hkkjr dk jkti=k % vlk/kj.k 7 (iii) wheeling of electricity. Safe Harbour 10THC. (1) Where an eligible assessee has entered into an eligible specified domestic transaction in any previous year relevant to an assessment year and the option exercised by the said assessee is treated to be validly exercised under rule 10THD, the transfer price declared by the assessee in respect of such transaction for that assessment year shall be accepted by the income-tax authorities, if it is in accordance with the circumstances as specified in sub-rule (2). (2) The circumstances referred to in sub-rule (1) in respect of the eligible specified domestic transaction specified in column (2) of the Table below shall be as specified in the corresponding entry in column (3) of the said Table:- S. No. Eligible specified domestic Transaction Circumstances 1 2 3 1 Supply of electricity, transmission of The tariff in respect of supply of electricity, electricity, wheeling of electricity transmission of electricity, wheeling of electricity, as referred to in item (i), (ii) or (iii) of rule the case may be, is determined by the Appropriate THB, as the case may be. Commission in accordance with the provisions of the Electricity Act, 2003 (36 of 2003). (3) No comparability adjustment and allowance under the second proviso to sub-section (2) of section 92C shall be made to the transfer price declared by the eligible assessee and accepted under sub-rule (1). (4) The provisions of sections 92D and 92E in respect of a specified domestic transaction shall apply irrespective of the fact that the assessee exercises his option for safe harbour in respect of such transaction. Procedure 10 THD. (1) For the purposes of exercise of the option for safe harbour, the assessee shall furnish a Form 3CEFB, complete in all respects, to the Assessing Officer on or before the due date specified in Explanation 2 to sub-section (1) of section 139 for furnishing the return of income for the relevant assessment year : Provided that the return of income for the relevant assessment year is furnished by the assessee on or before the date of furnishing of Form 3CEFB: Provided further that in respect of eligible specified domestic transactions undertaken during the previous year relevant to the assessment year beginning on the 1st day of April, 2013 or beginning on the 1st day of April, 2014, Form 3CEFB can be furnished by the assessee on or before the 31st day of March, 2015. (2) On receipt of Form 3CEFB, the Assessing Officer shall verify whether- (i) the assessee exercising the option is an eligible assessee; and (ii) the transaction in respect of which the option is exercised is an eligible specified domestic transaction, before the option for safe harbour by the assessee is treated to be validly exercised. (3) Where the Assessing Officer doubts the valid exercise of the option for the safe harbour by an assessee, he may require the assessee, by notice in writing, to furnish such information or documents or other evidence as he may consider necessary, and the assessee shall furnish the same within the time specified in such notice. (4) Where- (a) the assessee does not furnish the information or documents or other evidence required by the Assessing Officer; or (b) the Assessing Officer finds that the assessee is not an eligible assessee; or8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (c) the Assessing Officer finds that the specified domestic transaction in respect of which the option referred to in sub-rule (1) has been exercised is not an eligible specified domestic transaction; or (d) the tariff is not in accordance with the circumstances specified in sub-rule (2) of rule 10THC, the Assessing Officer shall, by order in writing, declare the option exercised by the assessee under sub-rule (1) to be invalid and cause a copy of the said order to be served on the assessee: Provided that no order declaring the option exercised by the assessee to be invalid shall be passed without giving an opportunity of being heard to the assessee. (5) If the assessee objects to the order of the Assessing Officer under sub-rule (4) declaring the option to be invalid, he may file his objections with the Principal Commissioner or the Commissioner or the Principal Director or the Director, as the case may be, to whom the Assessing Officer is subordinate, within fifteen days of receipt of the order of the Assessing Officer. (6) On receipt of the objection referred to in sub-rule (5), the Principal Commissioner or the Commissioner or the Principal Director or the Director, as the case may be, shall after providing an opportunity of being heard to the assessee, pass appropriate orders in respect of the validity or otherwise of the option exercised by the assessee and cause a copy of the said order to be served on the assessee and the Assessing Officer. (7) For the purposes of this rule,- (i) no order under sub-rule (4) shall be made by an Assessing Officer after expiry of a period of three months from the end of the month in which Form 3CEFB is received by him; (ii) the order under sub-rule (6) shall be passed by the Principal Commissioner or Commissioner or Principal Director or Director, as the case may be, within a period of two months from the end of the month in which the objection filed by the assessee under sub-rule (5) is received by him. (8) If the Assessing Officer or the Principal Commissioner or the Commissioner or the Principal Director or the Director, as the case may be, does not pass an order within the time specified in sub-rule (7), then the option for safe harbour exercised by the assessee shall be treated as valid.’; (B) in Appendix II, after Form No. 3CEFA, the following Form shall be inserted, namely:- “Form No. 3CEFB (See sub-rule (1) of rule 10THD) Application for Opting for Safe Harbour in respect of Specified Domestic Transactions To, The Assessing Officer …………………………….. Sir/Madam, I propose to opt for the safe harbour rules under section 92CB of the Income-tax Act, 1961 read with rules 10TH to 10THD of the Income-tax Rules, 1962. In this regard the particulars are as under: 1. General : (a) Full name of the assessee: (b) Permanent Account Number: (c) Address of the assessee: (d) Nature of business or activities of the assessee: (e) Status (f) Assessment Year¹Hkkx IIµ[k.M 3 (ii)º Hkkjr dk jkti=k % vlk/kj.k 9 2. Eligible Specified Domestic Transaction: Sl. No. Particulars in respect of eligible specified domestic transaction Remarks 1. Has the eligible assessee entered into any specified domestic transaction in Yes/No respect of supply of electricity, transmission of electricity or wheeling of electricity referred in item (i), (ii) or (iii) of Rule 10THB? If Yes, provide the following details: (a) Name and address of the associated enterprises (AE) with whom the eligible specified domestic transaction has been entered into. (b) Description of the eligible specified domestic transaction. (c) Details of relevant order of the Appropriate Commission determining the tariff. (d) Amount received or receivable/paid or payable in respect of the eligible specified domestic transaction. (e) Whether transfer price is in accordance with the circumstances Yes/No specified under rule 10THC. I declare that the information furnished herein is correct and truly stated. Yours faithfully, Place: Date: Signature Name Designation/Capacity Address Note 1.- Associated enterprise shall have the same meaning as provided in clause (a) of rule 10A. Note 2.- The application shall be verified by the person authorised to verify the return of income under section 140.”. [Notification No. 11/2015/F. No. 142/7/2014-TPL] ASHISH KUMAR, Director (Tax Policy and Legislation) Note: The principal rules were published in the Gazette of India Extraordinary, Part III, Section 3, Sub-section (i), vide notification number S.O. 969(E), dated the, 26th March, 1962 and were last amended vide notification number S.O. 180(E), dated the 19-01-2015. Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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