Section 271G Penalty for failure to furnish information or document under section 92D.

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The Tax Publishers [1][271G. Penalty for failure to furnish information or document under Section 92D. If any person who has entered into an [2][international transaction or specified domestic transaction] fails to furnish any such information or document as required by sub-section (3) of Section 92D, the Assessing Officer [3][or the Transfer Pricing Officer as referred to in Section 92CA] or the Commissioner (Appeals) may direct that such person shall pay, by way of penalty, a sum equal to two per cent of the value of the [4][international transaction or specified domestic transaction] for each such failure.] SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][271G. Penalty for failure to furnish information or document under Section 92D.

If any person who has entered into an [2][international transaction or specified domestic transaction] fails to furnish any such information or document as required by sub-section (3) of Section 92D, the Assessing Officer [3][or the Transfer Pricing Officer as referred to in Section 92CA] or the Commissioner (Appeals) may direct that such person shall pay, by way of penalty, a sum equal to two per cent of the value of the [4][international transaction or specified domestic transaction] for each such failure.]