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<h1>Amendment to Section 271G: Transfer Pricing Officer Now Authorized to Impose Penalties for Documentation Non-compliance.</h1> Section 271G of the Income-tax Act has been amended by the Finance (No. 2) Act, 2014, to include the words 'or the Transfer Pricing Officer as referred to in section 92CA' after 'the Assessing Officer.' This amendment, effective from October 1, 2014, expands the authority to impose penalties for non-compliance with transfer pricing documentation requirements to include the Transfer Pricing Officer, alongside the Assessing Officer.