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2020 (10) TMI 565 - HC - Income TaxRevision u/s 263 - additions on the basis of the report of the special audit - payment to the related parties covered u/s 40A(2)(b) including the job work charges, purchases of services, etc. - HELD THAT:- The finding of fact recorded by the Appellate Tribunal, after due consideration of the relevant aspects of the matter, is that the assessment order was framed u/s 143(3) of the Act after due verification by the A.O. - order of the AO could not be said to be erroneous and prejudicial to the interest of the Revenue. The Tribunal has also recorded a finding that the assessee had furnished complete details of the parties and the accounts. We are convinced with the reasonings assigned by the Appellate Tribunal while allowing the appeal of the assessee. We are of the view that none of the three questions proposed by the Revenue could be termed as the substantial questions of law.
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