https://www.taxtmi.com/acts?id=16309 Amendments to section 92C impose a maximum notified percentage cap for a proviso in sub section (2) and clarify that the second proviso applies to assessment or reassessment proceedings pending before the Assessing Officer as of a prior date. Sub section (2A) disqualifies an assessee from using the earlier option where the variation between the arithmetical mean and actual transaction price exceeds a specified threshold. Sub section (2B) restricts the Assessing Officer from using sub section (2A) to open or enhance liability for assessment years with proceedings completed before the stated retrospective date. en-us Tue, 29 May 2012 12:14:26 +0530 Tue, 29 May 2012 12:14:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16309 Amendments to section 92C impose a maximum notified percentage cap for a proviso in sub section (2) and clarify that the second proviso applies to assessment or reassessment proceedings pending before the Assessing Officer as of a prior date. Sub section (2A) disqualifies an assessee from using the earlier option where the variation between the arithmetical mean and actual transaction price exceeds a specified threshold. Sub section (2B) restricts the Assessing Officer from using sub section (2A) to open or enhance liability for assessment years with proceedings completed before the stated retrospective date. Act-Rules F. Acts / Amendment Acts Tue, 29 May 2012 12:14:26 +0530 https://www.taxtmi.com/acts?id=16309