Section 95 of Income-tax Rules, 2026 – Eligible assessee for safe harbour rules for specified domestic transactions

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Section 95: Eligible assessee for safe harbour rules for specified domestic transactions

Eligible assessee for safe harbour rules for specified domestic transactions.

95. An “eligible assessee” means a person who has exercised a valid option for application of safe harbour rules in accordance with the provisions of rule 97, and —

(a) is a Government company engaged in the business of generation, supply, transmission or distribution of electricity; or

(b) is a co-operative society engaged in the business of procuring and marketing milk and* milk products.

Source: official text of Income-tax Rules, 2026 as published on India Code (PDF). All sections of Income-tax Rules, 2026.