Transfer pricing administration updated to reassign and expand designated officers and local transfer pricing authority. Amendment under section 118 revises a prior notification to designate the Director General of Income tax (International Taxation), Delhi as the controlling authority and to identify Director of Income tax (Transfer Pricing), Bangalore with specified Joint Commissioner and Deputy/Assistant Commissioner posts in Bangalore; it also inserts a new entry assigning the Director of Income tax (Transfer Pricing), Hyderabad with specified Joint Commissioner and Deputy/Assistant Commissioner posts in Hyderabad as designated Transfer Pricing Officers.