Reducing the time provided for furnishing TP report

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..... ion shall keep and maintain the information and documents as provided under rule 10D of the Income-tax Rules, 1962 (the Rules). 2. As per sub-section (3) of section 92D of the Act, the Assessing Officer (AOs) or the Commissioner (Appeals) may during the course of any proceedings under the Act require such person to furnish any information or document, as provided under rule 10D of the Rules, wi .....

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..... complete the pending proceedings. 4. In view of the above, it is proposed to amend sub-section (3) of section 92D of the Act to provide that,- (i) the Assessing Officer or the Commissioner (Appeals) may, in the course of any proceeding under the Act, require any person referred to in clause (i) of sub-section (1) of section 92D of the Act i.e., who has entered into an international transact .....

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