https://www.taxtmi.com/caselaws?id=221845 The Tribunal allowed the appeals for statistical purposes, directing the AO to rectify assessments to prevent double taxation and ensure appropriate tax credits. It emphasized avoiding double taxation to prevent injustice. The Tribunal instructed assessments for AYs 1980-81 to 1988-89 be based on the disclosed amount of Rs.4.5 crores and directed the AO to credit taxes paid by entities whose income was clubbed with the assessee. The Tribunal dismissed the ground regarding the non-exclusion of proportionate income for AYs 1987-88 and 1988-89, as directions under section 150 of the Act rendered it redundant. en-us Fri, 15 Feb 2013 00:00:00 +0530 Fri, 22 Mar 2013 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221845 The Tribunal allowed the appeals for statistical purposes, directing the AO to rectify assessments to prevent double taxation and ensure appropriate tax credits. It emphasized avoiding double taxation to prevent injustice. The Tribunal instructed assessments for AYs 1980-81 to 1988-89 be based on the disclosed amount of Rs.4.5 crores and directed the AO to credit taxes paid by entities whose income was clubbed with the assessee. The Tribunal dismissed the ground regarding the non-exclusion of proportionate income for AYs 1987-88 and 1988-89, as directions under section 150 of the Act rendered it redundant. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221845