Inclusion of specified domestic transactions expands penalties under section 271AA of the Income Tax Act effective 1 April 2013. The amendment replaces the phrase international transaction with international transaction or specified domestic transaction in section 271AA of the ... Summary
Inclusion of specified domestic transactions expands penalties under section 271AA of the Income Tax Act effective 1 April 2013.
The amendment replaces the phrase international transaction with international transaction or specified domestic transaction in section 271AA of the Income-tax Act, extending the provision's scope to include specified domestic transactions and taking effect from 1 April 2013.
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