Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions - Section 271AA

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..... Section 271AA - Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions (1) Without prejudice to the provisions of section 270A or section .....

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..... er or Commissioner (Appeals) may direct that such person shall pay, by way of penalty, a sum equal to 2% of the value of each international transaction or specified domestic transaction entered into .....

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