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Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
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....section 271 or section 271BA, if any person in respect of an ^3[international transaction or specified domestic transaction],- (i) fails to keep and maintain any such information and document as required by sub-section (1) or sub-section (2) of section 92D; (ii) fails to report such transaction which he is required to do so; or (iii) maintains or furnishes an....
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....2012 before it was read as, "^1[Penalty for failure to keep and maintain information and document in respect of international transaction. 271AA. Without prejudice to the provisions of section 271, if any person fails to keep and maintain any such information and document as required by sub-section (1) or sub-section (2) of section 92D, the Assessing Officer or Commiss....