https://www.taxtmi.com/caselaws?id=218382 The Revenue's appeal against the deletion of Rs. 13,91,390 from an addition of Rs. 16,45,308 in a Sharafi account and disclosure during search was dismissed. The Ld. CIT(A) upheld the deletion based on the principle of telescoping, directing the assessing officer to set-off the previous year's addition, providing relief to the appellant. The Tribunal supported this decision, emphasizing the importance of avoiding double taxation of the same income and the necessity of proper documentation in tax assessments. en-us Fri, 05 Oct 2012 00:00:00 +0530 Sat, 03 Nov 2012 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218382 The Revenue's appeal against the deletion of Rs. 13,91,390 from an addition of Rs. 16,45,308 in a Sharafi account and disclosure during search was dismissed. The Ld. CIT(A) upheld the deletion based on the principle of telescoping, directing the assessing officer to set-off the previous year's addition, providing relief to the appellant. The Tribunal supported this decision, emphasizing the importance of avoiding double taxation of the same income and the necessity of proper documentation in tax assessments. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218382