Purchase from related party is not considered as specified domestic transaction u/s 92BA

Giraffe Developers Pvt Ltd Vs Pr. CIT (ITAT Mumbai)

Held that a domestic transaction of purchase from the related party is not required to be considered as a specified domestic transaction under section 92BA.

Facts-

The PCIT observed that the AO has not made any inquiry concerning certain primary facts/claims and considered the assessment order as erroneous and prejudicial to the interest of revenue and initiated proceedings u/s. 263. It

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