Amendment of section 92CA.

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..... tional 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 of a previous year, for which the option .....

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..... e 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 subject to the conditions, as prescribed: Provided that the provisions o .....

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..... (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 approval of the Central Government, issue guidelines for the purpose of removing such difficulty: Provided t .....

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