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of <h1>CBDT Amends Notification to Streamline Transfer Pricing Task Allocation u/s 120 of Income-tax Act, 1961.</h1> The Central Board of Direct Taxes has issued Notification No. 67/2014, amending a prior notification dated November 3, 2014. Effective from November 15, 2014, this amendment authorizes the Principal Chief Commissioner of Income-tax (International Taxation), Chief Commissioners of Income-tax (International Taxation), and Commissioners of Income-tax (International Taxation and Transfer Pricing) to allocate tasks among Transfer Pricing Officers under their jurisdiction. This change is made under the powers granted by section 120 of the Income-tax Act, 1961, and aims to streamline the distribution of responsibilities in transfer pricing matters.
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