The Central Board of Direct Taxes (CBDT) vide notification dated 17 June, 2022 has extended the applicability of Rule 10TD (3B) of the Income-tax Rules, 1962, which deals with safe harbour, till Assessment Year 2022-23. Rule 10 TD prescribes a list of eligible international transactions where the transfer price declared by the assessee shall be required to be accepted by the Income-tax Authorities.
Now, following the amendment, the safe harbour provision can be availed until 2022-23.