Amendment of section 92CA.

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.... price in relation to an international transaction or a specified domestic transaction shall be made, if the Transfer Pricing Officer has declared that option exercised by the assessee in sub-section (3B) in relation to such transaction is valid for such previous year: Provided further that if any reference for an international transaction or a specified domestic transaction, in respect o....

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....n or options to the above effect for the said two consecutive previous years; (b) such option or options are exercised in such form, manner and within such period as prescribed; and (c) the Transfer Pricing Officer shall, within one month from the end of the month in which such option or options are exercised, by an order in writing, declare that such option or options are valid ....

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.... previous years as per the provisions of sub-section (21) of section 155."; (b) in sub-section (9), the proviso shall be omitted; (c) after sub-section (10), the following sub-sections shall be inserted with effect from the 1st April, 2026, namely:-- "(11) If any difficulty arises in giving effect to the provisions of sub-sections (3B) and (4A), the Board may, with the previous appr....