2024 (2) TMI 706

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..... related parties u/s 40(A)(2)(b), Current liabilities, Payments made to the contractors and Payment made towards stamp duty - as decided by HC [ 2023 (3) TMI 673 - DELHI HIGH COURT] for the PCIT to exercise jurisdiction under Section 263 of the Act, twin conditions have to be fulfilled, that is, not only should the order be erroneous, but it should also be prejudicial to the interest of the revenue .....

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