Transfer pricing notification deadline extended to permit issuance of directions under section 92CA(9) with operative effect from April.

Amendment substitutes a later terminal year in the proviso to sub section (9) governing the Central Government's power to issue notifications directing that provisions of the Act not apply or apply with exceptions, modifications and adaptations for implementing the scheme for determination of the arm's length price; the change prolongs the period for issuing such directions and the amendment takes effect from the first day of the relevant April.

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