Penalty for failure to furnish transfer pricing information extended to specified domestic transactions, widening the scope of section 271G.

Expands the penalty scope under section 271G to include specified domestic transactions alongside international transactions, so that failure to furnish information or documents required under the transfer pricing information provisions attracts a penalty calculated as a proportion of the transaction value; the amendment takes effect from 1 April 2013 and applies to the relevant assessment years.

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