https://www.taxtmi.com/caselaws?id=181427 The Tribunal ruled in favor of the assessee firm in an appeal against the Commissioner of Income-tax (Appeals) II, Pune for the assessment year 1999-2000. The Tribunal held that the addition of Rs. 7,50,000 as business income for that year, which had already been taxed in AY 2003-04, was not justified. Citing a relevant order, the Tribunal emphasized that unaccounted receipts should not be taxed twice for different assessment years. Therefore, the Tribunal reversed the CIT(A)'s decision and allowed the appeal, concluding that the income should not be taxed again for AY 1999-2000. en-us Fri, 26 Aug 2011 00:00:00 +0530 Sat, 16 Apr 2016 16:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181427 The Tribunal ruled in favor of the assessee firm in an appeal against the Commissioner of Income-tax (Appeals) II, Pune for the assessment year 1999-2000. The Tribunal held that the addition of Rs. 7,50,000 as business income for that year, which had already been taxed in AY 2003-04, was not justified. Citing a relevant order, the Tribunal emphasized that unaccounted receipts should not be taxed twice for different assessment years. Therefore, the Tribunal reversed the CIT(A)'s decision and allowed the appeal, concluding that the income should not be taxed again for AY 1999-2000. Case-Laws Income Tax Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181427