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    <title>Levy of Penalty under section 271G by Transfer Pricing Officers - THE FINANCE (No. 2) BILL, 2014</title>
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    <description>The Finance (No. 2) Bill, 2014 proposes amending section 271G to add the Transfer Pricing Officer, as defined in section 92CA, to the authorities competent to levy the penalty under section 271G where a person entering into an international or specified domestic transaction fails to furnish documents or information required by subsection (3) of section 92D; this amendment takes effect from 1st October, 2014.</description>
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      <description>The Finance (No. 2) Bill, 2014 proposes amending section 271G to add the Transfer Pricing Officer, as defined in section 92CA, to the authorities competent to levy the penalty under section 271G where a person entering into an international or specified domestic transaction fails to furnish documents or information required by subsection (3) of section 92D; this amendment takes effect from 1st October, 2014.</description>
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