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of <h1>Finance Bill 2011 amends Section 92CA, empowering TPOs to evaluate undisclosed international transactions and conduct surveys.</h1> Clause 13 of the Finance Bill, 2011, amends section 92CA of the Income-tax Act, effective June 1, 2011. A new sub-section (2A) allows the Transfer Pricing Officer (TPO) to consider any other international transaction discovered during proceedings as if it were referred under sub-section (1). Additionally, sub-section (7) is amended to grant the TPO the power to conduct surveys under section 133A, expanding their authority beyond the existing provisions of sections 131 and 133. These changes aim to enhance the TPO's ability to determine the arm's length price for international transactions.
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